Thread regarding Heald College layoffs

Some of these idiots have no clue!

Some of the idiots that post on this site just love to spew opinion. They have very little knowledge of the facts surrounding the subject matter.

The closing of Heald College was in fact that main priority of AG Kamala Harris. The Consumer Financial Protection Bureau relied specifically on the California AG's data, that is flawed and unsubstantiated, when pressuring the Secretary and Under-Secretary of Education to act swiftly against Heald College, This lead directly to a massive $30 million fine levied in order to crush the negotiations between Corinthian and three potential buyers for Heald. Never before has there been fines levied by the Department of Education on a college without first warning of violations, and then a period of time to correct said violations before imposing the fine.

It should be noted that the U.S. Department of Education recently approved the sale of 53 other Corinthian Schools outside of California to a non-profit company called ECMC. This company was willing to buy Heald Colleges and the remaining Corinthian schools from California, in the same deal that the DOE approved but was forced to exclude these schools due to the overly burdensome demands by Kamala Harris' office. It should also be noted that one only needs to go to www.kamalaharris.org/‎ and read the list of donors and campaign supporters to find the name of Senator Elizabeth Warren who has been the mouthpiece for crushing career colleges. A supporter in the Senate that Ms. Harris desperately does not want to lose. She has done the same thing to the Daughters of Charity Health System just a few weeks back in order to cozy up to the Service Employees International Union (SEIU). The SEIU is another powerful supporter that she would love to have in her pocket come time for her Senate bid. The same method of operation was implemented, add unreasonable demands to any future buyer to kill the deal and make the SEIU happy. Feel free to read about it in the Wall Street Journal by searching for “When Unions Trump Hospitals.”

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Post ID: @OP+BdHSALn

6 replies (most recent on top)

Op. All cci had to do was submit the required legal documents that were asked for. Or did you want Harris to prepare those as well? There was plenty of notice.

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Post ID: @V8x+BdHSALn

Remember last June when the DOE put a 21 day hold on financial aid funds? Remember why they did that? It was because after repeated requests CCI did not file job placement reports as required. CCI was dragging their feet because they KNEW that the information compiled was fraudulent. They eventually did submit the information and were whacked with a $30,000,000 fine. None of this has ANYTHING AT ALL to do with Attorney General Harris. Also don't forget that there was a SEC investigation that CCI was manipulating the stock price by providing misleading job placement numbers and an investigation from the US Department of Consumer Affairs. Harris may be running for the US Senate, but she doesn't have the kind of pull to get three separate federal agencies do do her dirty work.

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Post ID: @ra1+BdHSALn

From the US Department of Education blog: "The closure decision was made by the company, following Corinthian’s failure to find a buyer for the remaining campuses willing to abide by conditions put in place by the Department to protect students, borrowers and taxpayers." In other words, they couldn't find a buyer who was wiling to abide by the ED rules, not merely one who wouldn't be indemnified for the California AG lawsuit. You guys who are trying to make this about Harris are forgetting all the investigations that happened BEFORE her investigation and lawsuit.

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Post ID: @T2T+BdHSALn

Let it go. CCI/Heald ran their scam as long as they could, but it's over.

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Post ID: @H3e+BdHSALn

Calling people idiots won't change those 947 career placement falsifications that you made. It won't change the schemes you used to saddle students with loans they couldn't pay back. It won't cause the instructors to actually teach and grade, rather than pass students so that the federal aid money keeps coming in. Forget the fact that Ms Harris was just one of about eight attorneys general that filed suits or investigations. Keep trying to portray yourself as the victim instead of the perpetrator. The good news is at least these students will get their loans discharged and will get to finish their education at schools instead of scams.

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Post ID: @8ws+BdHSALn

No, after Ms. Harris spoke to students and staff, she decided it was time to close the stock scam.

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Post ID: @BCO+BdHSALn

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