Will it be ITT Tech to fall next or UoP?
10 replies (most recent on top)
Tits up. Funny!
I don't believe for profits can survive at current debt levels.. Unless entry level college jobs were hiring for 3x the wage people just plain don't make enough even if they find a job to ever pay it back.The IBR is a stupid alternative that doesn't work either.
For the contributor that thinks Corinthian students will be flowing into UOP, I believe you are a bit mistaken. Their goal is to have their loans forgiven for making a bad choice and the government is considering eating it. Shame on you and then shame on me is the old saying.
@636--UOP will contract for years more, lay hundreds more off, and finally be right sized at 75K students. For profits will survive, but they will be run properly or lose Title IV spending.
UOP will get all that new in flow from those closing Universities so I think they'll be fine for a long time.
UoP is of course a pretend school just like those CCI ran, so there's that similarity.
University of Phoenix is safe, but the workers aren't............... https://www.linkedin.com/pulse/apollo-education-following-dangerous-path-dahn-shaulis?trk=mp-author-card
UOPX is safe, what no one seems to pay attention to is UOPX/Apollo have no debt. EDMC is loaded with Debt, not sure about ITT. Apollo can go a very long time with declining enrollment as they have no debt.
The UOP is next. Despite all the desperate regrouping their number is up and the slide will happen after June. Get your resumes ready folks because you'll be competing against those you put in school and they will fight you for a job!
UoP is far from over. EDMC, ESI (ITT Tech), CECO, LINC, BPI, UTI are all very vulnerable.