There have been rumors that the Atlanta system has been placed under a financial warning. Can anybody verify this?
5 replies (most recent on top)
It's more than just a warning. The Atlanta-VB system is out of money.
I have to agree with @4sbe+16ScBZn2.
Schools across the nation are struggling right now. Many were struggling before covid but the pandemic just exacerbated those problems. As far as Ai, my particular campus seems desperate for students, even by Ai standards. I don’t know anything about a financial warning but I wouldn't be surprised.
Colleges across the country face the same dire financial picture as the Art Institutes. The majority of states cannot run budget deficits, which severely limits their ability to protect higher education from funding cuts as tax revenues fall off a cliff. That means that there is no entity to prop up public education besides the federal government. Colleges and universities across the nation have had to spend enormous sums of money to support their students through the pandemic; switch to online education; and issue refunds to students for classes, parking, housing, and dining services. For many these costs alone are much higher than the federal funding they will receive or have already received from the CARES Act. This is just the beginning of the end for many.
A financial aid warning? Would this have anything to do with accreditation issues?
I don't know about Atlanta but I do know that the Miami campus has been chaotic lately. It seems as if upper management is trying to keep something under wraps....but I guess that's standard practice for Ai.