Since EDMC has left the stock market, it is very difficult to judge its economic status. It looks to me that the highest level executives are just hoping that the next presidential administration will be kinder to EDMC and that "gainful employment" will be repealed. The problem is, however, that groups like "I Am Ai" have spread the alarm about the value and long term costs of going to EDMC schools. More downsizing is in the cards, but the lack of transparency from EDMC and KKR makes it difficult to know when each brand will require layoffs. Anyone with any sense of ethics should blow the whistle even if they think reforming EDMC is a useless cause.
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So EDMC is hoping that their luck will change with a new President? Ha, Ha, Good luck with that! If they were really honest with themselves and not blaming the government about those "damn rules" they have to fallow, they would see without sucking off the tit of the government, makes them the most government dependent of all. In a truly free market, 3/4 of the kids there right now would not be there without government loans. Its the same twisted logic as the Tea Party extremists who say they hate Socialism, but keep your hands off my Social Security! P.S. Hillery will win and with KKR investments, she will literally own your ass. Oh, and she has evolved, dont expect her to be on the side of for-profits.
I really don't think edmc will make it to the next presidential election. Enter a school - they a ghost towns. Students are getting the message to stay away from these fraud factories.
I am ai movement lol
Cam like dick in his ass
918- I agree with you. The damage is done and the outcome will not pretty.
Raising tuition does not help satisfy the 90/10 rule, unless of course the difference is paid in cash. They have frozen tuition for years.
Isn't what we are seeing a natural by-product of the market-system? One of the major problems that EDMC has is that they've priced themselves beyond what their market is able to pay. The company is caught in an end-game situation that started a few years ago as they had to keep raising tuition to keep within the 90/10 rule. With the economic meltdown and rising default rates private lenders began tightening their loan requirements making it impossible for all but those with the best credit to get funding. Add to that the mountains of bad press and the mounting perception of poor quality and enrollments began to fall. I think the business model has been proven unsustainable and the outcome is just a matter of time.