No nursing program? No leadership? No admissions director? Who’s at the helm.
Paramus sinking
So our ADON just quit. Now we have no one in leadership in nursing. I don’t blame her. The craziness continues. And they ran her ragged. There’s no one in our education that knows what they are doing. The DOE is useless too. Not even sure how she... — read more
Paramus on Probation
There’s a rumor going around that the nursing program i’’m enrolled in is on probation for not meeting the state pass rate year over year. I called the BON and they said that schools that don’t reach 75% will go in probation and students are supposed... — read more
What's going on at the Grand Prairie campus?
Doesn't sound good. Here’s an honest opinion from being a student here and real experiences I’ve had. The orientation is far from a real orientation it’s really just a long drawn out “this is who I am” meeting with faculty you’ll never see... — read more
Layoffs Pending
Our campus population is down compared to prior years. The word on the street is that there’s going to be a “consolidation” of positions. Basically… layoffs and those who are left need to pick up other responsibilities. You don’t have to say what... — read more
Lincoln Tech Education Departments
Lincoln Tech Education Departments at Paramus su-k. The old crew and now the new crew. Same old same old. People don’t know their jobs
Click on “Approved Schools”
https://www.forbes.com/sites/adamminsky/2023/05/01/education-department-sends-student-loan-forgivness-emails-to-next-group-of-borrowers-covered-by-settlement/amp/
Lincoln Tech blocks Student Loan Relief
https://www.highereddive.com/news/higher-ed-institutions-appeal-sweet-v-cardona-education-department-settlement/640566/
Education Department shouldn’t have OK’d federal aid for 5 for-profits on Sweet v. Cardona list, advocacy group says
"The report singles out the department’s decision to approve PPAs for five for-profit colleges: Gwinnett College, La’ James International College, Lincoln College of Technology, Pittsburgh Career Institute and Southern Technical College. All the PPAs... — read more
Lincoln Educational Services reports mandatory conversion of series A convertible preferred stock
Cutting back on dividends...that doesn't sound good. https://seekingalpha.com/news/3912609-lincoln-educational-services-reports-mandatory-conversion-of-series-a-convertible-preferred-stock
Heavy Equipment Program
How are the Heavy Equipment programs going, especially with the virtual simulations?
Hybrid Teaching Model?
How's the hybrid teaching model working for you folks? It certainly seems to help with the bottom line. https://www.marketwatch.com/press-release/lincoln-educational-services-reports-third-quarter-2022-results-2022-11-07
Hiring freeze and layoffs
So my Campus just instituted a hiring freeze. How does corporate expect us to get all the work done? I get it, those who are left have to be stretched. But that doesn’t always work. And then they reprimand is for having to cut corners. Our... — read more
Lincoln Tech Student Receives Mike Rowe Works Foundation Scholarship
https://www.marketwatch.com/press-release/lincoln-tech-student-receives-mike-rowe-works-foundation-scholarship-2022-09-27?siteid=nbsh More on Mike Rowe... https://newrepublic.com/article/164230/mike-rowe-dirty-jobs-how-america-works
Lincoln Tech and the GI Bill (The Movie "Breaking")
It could have happened at any school? Or could it? Lead generators like EducationDynamics, aggressive enrollment, were they involved? If so, should anyone feel even a little guilt? "In addition to stints in a VA mental hospital, Brian had... — read more
Tight Budget - Layoffs Looming
If I hear another employee talk about how they think Lincoln is positioning itself for layoffs, I’m seriously going to go insane. There’s a lot of water cooler talk about how admissions is barely making their budgets that were created to pull us out... — read more
Lincoln Educational Services Reports Second Quarter 2022 Results
https://www.globenewswire.com/news-release/2022/08/08/2493839/0/en/Lincoln-Educational-Services-Reports-Second-Quarter-2022-Results.html Second Quarter 2022 vs Second Quarter 2021 Financial Highlights and Recent Operating Developments Revenue of... — read more
One Down: One to Go
So the new DON at Paramus campus was finally ousted. Took them long enough. Probably because the new CP had supported her all the way then threw her under the bus when her own hyde was on the line. Here comes the apology tour. “I didn’t know” “we... — read more
More articles
https://www.lincolnnewsnow.com/news/national/6-billion-in-relief-to-defrauded-students-signals-change-ahead/article_5ad41818-5868-50d0-8032-c040b96b702e.html $6 Billion in Relief to Defrauded Students Signals Change Ahead More than 200,000 federal... — read more
Lincoln in the news… and it ain’t good
https://www.republicreport.org/2022/keiser-university-lincoln-tech-oppose-debt-relief-for-broke-scammed-students/ Keiser University, Lincoln Tech Oppose Debt Relief for Broke, Scammed Students. Three career college chains with troubling... — read more
Admissions all time low?
Has anyone heard that admissions is anticipating an all time low for the Fall?
Lincoln Laying Off?
I watched 3 people get laid off in the past 2 weeks and were told it’s due to low enrollment, retention. And the word on the street is there will be more before end of year. My position is safe because I’m the only one in it, but it’s hard to see... — read more
The List of Departures
Less than a year, the following left or was canned from Paramus Campus President. Director of Admissions. Director of Financial Aid, Director of Career Services, Director of Education. Director of Nursing. Assistant Director of Nursing, 3 clinical... — read more
Another One Bites the Dust
I just learned that another major, long term LTI employee is no longer at the Paramus campus. Someone needs to turn the faucet off. Too many people are leaving it bring terminate. I don’t know if that individual quit or was terminated, but I do know... — read more
Layoffs by 2023?
Has anyone heard anything about layoffs at their campuses by 2023? Our enrollments and overall population are down and there’s murmur going around that if we have under budget Fall starts, layoffs are bound to happen
Denver Campus
This campus is all about making money. How this campus hasn’t been called out by regulators is beyond me. They are taking students money. People leave because they see the BS behind the curtains
Paramus Campus Implosion
The Lincoln tech paramus campus is in full blown meltdown mode. The entire management team that had been here for years has now either left or been replaced by a new management team that intends to move the old out and bring the new in. After a... — read more
Lincoln Tech Selling Property in CO, TX, TN
Lincoln Tech "has entered into a sale-leaseback agreement for its Denver, CO and Grand Prairie, TX campuses. In addition, Lincoln has entered into a separate agreement to sell the property hosting its Nashville, TN campus as a precursor to a planned... — read more
Winning streak?
Lincoln Tech made money last quarter. Does the streak continue? https://www.sec.gov/ix?doc=/Archives/edgar/data/1286613/000114036121016610/brhc10024279_10q.htm
Student X
How does this make you feel? http://collegemeltdown.blogspot.com/2020/11/a-letter-to-us-department-of-education.html
Lincoln Tech and the Coronavirus
https://seekingalpha.com/pr/17811584-lincoln-tech-provides-remote-learning-to-address-virus-outbreak https://collegemeltdown.blogspot.com/2020/03/coronavirus-and-college-meltdown.html
Earnings call this week (November 14)
https://seekingalpha.com/pr/17694481-lincoln-educational-services-corporation-schedules-third-quarter-earnings-release-conference
Former CEO shilling for K-12
http://newsroom.k12.com/how-parents-think-we-can-solve-student-debt/ https://roadtripnation.com/leader/shaun-mcalmont
Earnings call August 14
"Lincoln Educational Services Corporation (LINC) (“Lincoln”) announced today that it will host a conference call to discuss its second quarter financial results on Wednesday, August 14, 2019 at 10:00 a.m. Eastern time. A news release outlining... — read more
How much does Lincoln pay QuinStreet for leads?
Here's more about QuinStreet. https://www.thelayoff.com/quinstreet
Amother losing quarter
Net loss for the quarter was $5.46M https://www.sec.gov/Archives/edgar/data/1286613/000114036119008948/form10q.htm
Earnings up...
Latest earnings call. Sounds positive. What's happening on the ground? https://seekingalpha.com/article/4246747-lincoln-educational-services-corp-linc-ceo-scott-shaw-q4-2018-results-earnings-call?part=single
Earnings up...
Latest earnings call. Sounds positive. What's happening on the ground? https://seekingalpha.com/article/4246747-lincoln-educational-services-corp-linc-ceo-scott-shaw-q4-2018-results-earnings-call?part=single
Sound like Lincoln will survive
https://seekingalpha.com/article/4220967-lincoln-educational-services-corp-linc-ceo-scott-shaw-q3-2018-results-earnings-call?page=3
What goes around, comes around
How the board of directors could continue to tolerate management that has caused Lincoln's stock price to languish for a decade or so around $2, when at one time it was almost 10 times higher, is puzzling. Maybe their early and brilliant strategy of... — read more