National American University Layoffs

Topics regarding layoffs at National American University

CEHE

The organization that holds $8.5 million in NAUH debt. https://en.wikipedia.org/wiki/Center_for_Excellence_in_Higher_Education

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Post ID: @OP+16J8WzDC

How does NAUH stay in business?

Revenues down 31 percent from 2018 to 2019. Cash down to $1.3M. Financial composite score is 1.1. If it dips below 1.0, the Department of Education creates more requirements. Full-time faculty down to 19. Gravely lawsuit (USA v. NAUH) still in... —  read more 

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Post ID: @OP+12c6HETg

NAU lender downsizing

"The Center for Excellence in Higher Education, a for-profit college chain based in Salt Lake City, is halting enrollment of new students at physical locations as it looks to shift to mostly online... —  read more 

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Post ID: @OP+110d8Gp8

Slipping under the radar...

No shareholders. No campuses to speak of. A former campus on Rapid City renovated as a place for homeless outreach. Two major lawsuits. Heightened Cash Monitoring. A bailout from another questionable organization. A CFO who has been on other... —  read more 

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Post ID: @OP+ZQqwYYA

Student lawsuit

College gave KC-area students ‘worthless’ course credits, ‘crippling debt,’ suit says https://www.kansascity.com/news/local/article231227038.html#storylink=cpy Missouri students suing Rapid City-based National American University for false claims... —  read more 

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Post ID: @OP+Zs4FM6R

Crisis for Another For-Profit

https://www.insidehighered.com/news/2019/04/26/national-american-university-latest-profit-chain-face-financial-turmoil "National American enrolled a total of nearly 10,000 students just four years ago. But that enrollment has dropped to about a third... —  read more 

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Post ID: @OP+YQqiEkI

India?

"The National American University, Delaware USA, during its recently concluded convocation ceremony held at the Raheja Classique Club in Mumbai honoured eminent personalities from various fields with Honorary Doctorates for their profound 'dedication... —  read more 

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Post ID: @OP+YvcvYNQ

GlassDoor Reviews

From a Campus Director: "This company has changed so much in the last 5 years it isn’t even recognizable anymore. Top Administrative Leadership speak a good game but don’t walk the talk. Very few employees receive an annual 3% cost of living increase... —  read more 

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Post ID: @OP+YnVFiKf

DEREGISTRATION OF UNSOLD SECURITIES

"After filing this Post-Effective Amendment No. 1, and upon the effectiveness of the Company’s Form 25 on April 10, 2019 that was filed with the SEC on January 10, 2019, the Company intends to file a Form 15 to notify the SEC of the suspension of the... —  read more 

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Post ID: @OP+YnxORKM

Closing more campuses

"Students from Rapid City and across the country will no longer be able to take traditional, classroom-based classes at National American University, according to the school's president."... —  read more 

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Post ID: @OP+Y8HQLjT

A penny for your thoughts...

At this point, I am wondering if National American University is misusing government funds. Any accountants here? Have you been following the Dream Center collapse and calls for an investigation? National American University Holdings, Inc... —  read more 

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Post ID: @OP+Y5j5niZ

Whistleblowers

For the good of servicemembers, student veterans and their families, tell Veterans Education Success what you know. https://vetsedsuccess.org/contact/whistleblowers/ —  read more 

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Post ID: @OP+Y2dGHdD

New CFO

Who would possibly jump into this dumpster fire? https://finance.yahoo.com/news/national-american-university-holdings-inc-130000334.html —  read more 

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Post ID: @OP+XGp2oAt

NAUH stock is worthless

Net tangible assets as of 11-30-2019 are -32K. The question now is can someone else come in and salvage the online operation? https://finance.yahoo.com/quote/NAUH/balance-sheet?p=NAUH —  read more 

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Post ID: @OP+Xv90Zf4

Workers are being lied to...

National American University cannot be profitable. It's too underwater to survive. It's doubtful that they can even make their loan payment to Black Hills Community Bank this May. That's why the CFO bailed. What are workers being told? —  read more 

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Post ID: @OP+Xi2sQQc

NAU path forward scenarios

(1) Sold to a non-profit like EDMC-Dream Center (2) With federal assistance, sold to a non-profit like Corinthian Colleges-ECMC/Zenith) (3) Sold for $1 to a public institution like Kaplan-Purdue (4) Teachouts and students go to partner institutions... —  read more 

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Post ID: @OP+XffhHK4

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