Thread regarding South University layoffs

South University by the numbers. It's a student debt machine.

Revenues from Federal Student Loans: $159.7 million
Revenues from Pell Grants: $30.1 million
Total Assets: $83.5 million (much in unrecoverable student debt)
Total Liabilities: $93.1 million
Employee compensation: $80.3 million
Advertising costs: $31.3 million
Fees to Studio Enterprise: $22 million
Long-term lease obligations: $108 million

https://projects.propublica.org/nonprofits/display_audit/24951020211

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South is for-profit in name only. They cannot get out of the red without government help.

Education has always been for-profit.
Do you know, for example, what Mary had to pay (and do) to send little J off to those schools in Memphis back in the day?
There is a reason nobody reads about those days and the debt involved.
Suppressed info. Nothing new.

Thread regarding South University layoffs

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