Topics regarding layoffs at Lincoln Technical Institute

Topics regarding layoffs at Lincoln Technical Institute

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 

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Post ID:  @OP+1i7z1k1i

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 

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

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

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Post ID:  @OP+1bEThMnK

Student X

How does this make you feel? http://collegemeltdown.blogspot.com/2020/11/a-letter-to-us-department-of-education.html

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Post ID:  @OP+17TXQt3t

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

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Post ID:  @OP+142ntyiX

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 

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Post ID:  @OP+10qvWd6b

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

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Post ID:  @OP+XXJHTiE

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

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Post ID:  @OP+XXpEQ2Z

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 

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Post ID:  @OP+UdBfidY

Lincoln's Institutional Loans?

Does anyone have information on Lincoln's institutional loans? Can you tell me what the interest rate is for these loans, and what the default rate is? "As of March 31, 2018, we had total outstanding loan commitments to our students of $52.6 million... —  read more 

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Post ID:  @OP+Tj5Zgpj

Current enrollment is 10,484

"As of March 31, 2018, we had 10,484 students enrolled at 23 campuses in our programs." https://www.sec.gov/Archives/edgar/data/1286613/000114036118024002/form10q.htm

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Post ID:  @OP+TjaUBnI

Trouble in Indy?

The overall decline in student starts was the result of the on the performance of our Indianapolis campus which decreased by 98 students. Excluding this campus, student starts for the quarter would have grown... —  read more 

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Post ID:  @OP+QcHZ66k

LINC continues to lose money

From the latest 8K: Lincoln Education continues to downsize after divesting from its healthcare segment. The company’s operations are now focused solely on the Transportation and Skilled Trades segment. The company anticipates completing the... —  read more 

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Post ID:  @OP+Me68gfU

Lincoln Accreditor May Get Canned

The US Department of Education staffers are recommending that ACICS lose its accrediting power. Schools will have 18 months to find another accreditor if the recommendation is approved. http://touch.latimes.com/#section/-1/article/p2p-87580171/

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Post ID:  @OP+HVycV7P

Enrollment continues to slide

Enrollment continues to slide. Still losing money--which suggests more layoffs are needed. http://finance.yahoo.com/news/edited-transcript-linc-earnings-conference-161014382.html

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Post ID:  @OP+Hk3VS7M

LINC in Danger of Delisting

Lincoln Education is in danger of delisting. The stock price has been below $1 for several days. After 30 days, they are likely to get a "Notice of Delisting" warning. The balance sheet continues to look like a sea of red ink. Without a miracle... —  read more 

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Post ID:  @OP+Dw3YjRE

Extremely Ugly Balance Sheet

Year over year, LINC's balance sheet gets uglier. Fewer real assets and loading on debt. Along with the coming "gainful employment" regulations, and the stock price that looks like the end of a roller coaster ride, does anyone think they'll be... —  read more 

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Post ID:  @OP+zUk7A4K

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