Thread regarding Education Management Corporation layoffs

To everyone who does not know. This is a Government money making plan. You see, two of the major investors for EDMC are General Colin Powell and Olympia Snow (former senator). Now that they are out of public office, politicians who own parts of other schools want a piece of the pie. So, EDMC... sorry for your luck. Schools owned by other congressmen, senators and such will attack EDMC, and others, but will leave there schools alone... Even though, they will do the same thing EDMC did. They will just protect their schools like Powell and snow did.

As far as the law suits, they are junk. "Buyer beware" has been a cornerstone in U.S. law since its beginning. The customer is always responsible for their actions and what they buy. Buying education is no different. If you got a slick sale from a used car guy named Earl, you were still stuck with the junk car. Junk degrees are no different. Sorry customers, that is the way it is.

The 100million lawsuit that was settled. Well, it was originally a 1billion dollar lawsuit. Both the government and EDMC agreed on the 100m to cover court costs and fees. It was a huge WIN for EDMC. The government could prove NO wrongdoing.

The real issue is that many students cannot find jobs after graduation. This is true for EDMC schools as well as many others. The problem is jobs, not the education. The schools are doing what they have always done. The government is not. Letting millions of jobs go overseas is making things hard for the hundreds of thousands of people earning degrees every year to survive.

Another issue is the big schools. Online schools are eating there lunch and they are struggling. Even their graduates are having issues finding jobs. The big problem here is that now many potential students are going online because of the shootings/violence on campus, the flexibility of online, and the massive savings in cost. A bachelor degree at Pitt was reported at over 100k just in tuition while South University is a bit over 72k. I don't know about you, but saving 25k+ is a big deal for me and my family.

I have also met many people at Argosy and South University over the years and have found the majority of them to be very nice and very concerned about their students well being. My recruiter for my first college (A ground school - non-profit) Lied to me, tricked me, and fooled me to sign up for a program I did not really want and she got a bonus. WELCOME TO COLLGE. I guess that was lesson 1. For all those that think EDMC schools are the only ones doing this, you are very wrong.

Non-profits are way worse and they are being left alone. Why? How can a non-profit school pay a President 600k a year? WOW. look it up! Non-profit schools should be more affordable, but they are not. They should be held more accountable than for-profits because they get government tax breaks. It is harder for a for profit school to be profitable simply because of the tax savings and softer regulation. WHY? All schools should be treated the same, held accountable the same, and if you really want to know the worse part, the accrediting bodies just sit there and keep on accrediting lame schools. Where are their leaders and why are they not being hammered?

I could go on, but it does not matter. If politicians don't benefit from something, they just shut it down until all that is left is their money-making school. Thank you government for showing me again why we are failing as a country. Blame others, and scream "What's in it for me?".

Poor EDMC they just cant catch a break, can't imagine why they have so much bad Karma. Oh well, it's probably only going to be another 100 million or so. Just have to cut back on staff luxuries like toilet paper and hand soap.

Hey if you are a conservative and want your healthcare state by state , then dont bitch when a state decides to file their own lawsuit one by one.

I'm a current ADA for AI and I can tell you that these poor kids we enroll are constantly having the wool pulled over their eyes... I hear adas all the time make promises about jobs and misquote career stats. It's no secret... Hence the new "transparency" rollout and the threat to record calls... Non transferable credits...!?!? Uhhhh, no, you can't tell them that either... People need to do their research on ANY college they consider attending, but the thing is THIS: if a student tells me they don't have a job, and are struggling financially.... I'm not enrolling them... I know what it's like to have student loan debt... But, you can bet your ass that excuse isn't going to sit well with my DOA... Especially during an app waiver event.... I should've had them apply they say... "Helped" them see the benefits.... There's always someone they'll push through the system to get those apps... Oh, and if you're not a US citizen, I won't offer you the application either... That's just morally wrong to take their money knowing they're not gonna get through FA.... But, again, I'm expected to offer it... Regardless... That's predatory in my opinion... I could go on and on... And the fact we have adas in my office without a degree pushing degrees? A bit hypocritical... No?

Idaho just filed lawsuit against BMC

testing

I see someone saying that the DOJ/EDMC settlement was strictly regarding false claims to the government. WRONG. The Jason Sobek Job Placement fraud case was settled as well, and they brushed that mountain of dirt underneath a small rug and expect no one to notice. All those students were told job placement lies, amongst all the other lies they told. Students were sold bullshit, and the Department of Education just gave all the students a big F*** YOU while simultaneously giving EDMC a handjob settlement.

Fraud is the EDMC way... get you head out of your bum. I commit fraud everytime I troll for another unsuspecting soul that I can take advantage of for the scum that I work for!

How about all the crazy accreditation loopholes? Oh, I attend an AI but it is accredited through Argosy.... WTF?

Forcing on-ground students from one accredited campus to take video classes from another campus that doesn't have the same accreditation is fraud.

The recent adjunct hires are quitting creating a problem too. They don't want to be a part of a sinking ship either.

Size of Westwood has nothing to do with this. It won't loose it's propensity just because one state sues. Every state is going to sue because of the amount of fraud that they have inflicted on so many. This is the end of EDMC. Get over it!

Even if EDMC paid back all that it owed the fraud victims, this stigma will curse them FOREVER!

They are also hiring adjuncts without credentials. No advanced degrees and minimal experience.

The quality of education offered is fraud level to the current day. The lack of equipment is fraud. The quality of instruction is fraud. Cutting class hours from 4 to 3 without department of Ed approval is fraud. Changing programs without department of Ed approval is fraud... I could go on but just walk through a building and listen to an admissions tour...

What fraud is continuing? This is obviously coming from people that no longer work there.

The fact of the matter is EDMC is guilty of massive fraud and they continue to operate in a manner which doesn't produce a quality education for students. All these lawsuits - even if it is ::: just 200 million here:::: another million there contribute to the poor press of the company. There is no upswing. They can't just brush a 11 b. lawsuit under the carpet and move forward because they have not stopped the fraud. They will need to keep paying lawyers instead of improving their schools. The poor quality of the education is another nail in their coffin.

Westwood isn't and wasn't nearly the size of EDMC. The states have almost no ground to stand on currently. About all it might do is waste tax payer money and get a couple million in settlements. Most likely cases will be dismissed because once one state settles that continues to weaken the cases other states have.

Actually your wrong. Colorado already crushed Westwood College this way and this was the what killed their reputation and finally forced them out of business. This will be a faster fall because EDMC already has a bad reputation and won't be able to rebound while the states systematically take them apart.

Considering that evidence was tried by the Feds and failed doesn't bode well for the states. Heaven forbid the states take the tax payer money and do something to help the populace. Instead they file frivolous lawsuits that waste the money. Illinois alone has been operating in the red for a while.

BINGO! Shit is gonna come rolling down the mountain now!!!

Federal lawsuit was about the fraud against the government/ false claims act. This one seems to deal with the fraud against the actual students and deals with the consumer fraud act, which, if all of the existing evidence is presented, would spell the end for EDMC

Precedent has already been set with the federal settlement. This suit will go away quickly. Especially asking for 50k for each violation. Stop it states. Go after the non-profits doing the same garbage as well. They're the real criminals.

I heard California and Colorado are getting close to doing the same.

:::::starts popping popcorn:::: We know they are guilty - keep them coming!!!