With the election of Trump for-profits will live to fight another day. This is not good for those of us who wanted compliance, regulation, and an end to predatory practices. These are dark days ahead for those of us who are former EDMC employees and students who were mislead by for profit secondary education corporations.
18 replies (most recent on top)
EDMC employees aren't lazy... just useless... thus making the students useless!
@KhLprmk-5mcw please note what @KhLprmk-5nws means a legitimate job not "a legitimate" EDMC provided job.
"Time to get a job lazy EDMC employees" - If they're employees, then they already have a job.
IDIOT.
More like: Time to get a job lazy EDMC employees.... no more federal funds and everyone knows what's up!
Time to get a job you lazy students. No more free handouts!
Accreditation is all done through DOJ. Getting states, especially ones with republican governors, to build their own accreditation system is unlikely. they have to build their own standards, and just that step can take years.
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We have no idea if or what jobs will or will not be redirected to America. I know he's the "greatest jobs President God ever created", but no idea what type of jobs he is promising as he never said.
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Agree. However, the question is, will it get them anywhere? Ultimately, businesses do the hiring and have the final say on the value of the education in the marketplace. They want well trained employees, not trump university garbage. There are big companies in big industries that won't look at you if you don't graduate from a top school or have a top GPA.
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Those who might see it as a scam, might be desperate enough to try it if the economy hits a recession as predicted.
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Millanials make up much of the protestors. Clinton had 54% of the millennial vote, not a huge majority. It is a group that grew up with computers in their pockets. Not saying some are not hard working, but they want things fast. And based on the sanders movement, they want it cheap/free.
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If they want to work for get rich quick schemes. Some will, some actually want to do right by people.
It'll be interesting to see what happens, with everything really, but if the risk sharing comes into play, all schools except private colleges are in trouble. You have to try to price that into tuition somehow and not drive yourself out of business with high costs.
http://www.dailykos.com/stories/2016/11/10/1596340/-Judge-Curiel-Denies-Trump-Motion-to-Exclude-Evidence-of-What-He-Said-and-Tweeted-During-Campaign?detail=facebook
Generally regulations from DOE would be gone, outside regulations, like local government or accrediation would have to weight a bit more in. As for more schools popping up? Highly likely as the public will view the following:
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Jobs will be redirected to America, therefore needed to find a school that will give short amount of time to train/ apply for degree
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People who are way past college prime, will apply to these new colleges if it gets them results
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Although there are people who are vocal in getting people to enter college, others view that as a threat to enter job force. So no those people can care less if others get ripped off if it means less competition since they're smart enough to see a scam anyway.
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People who were labeled as part of the millennials will be scapegoated as the people who chose not to put any effort, of course saying that further proves why Trump was elected as the same millennials were fed up in being part of a group that whines.
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For-Profit employed people will now be sought after even if they were fired due to fraud that was already proven ages ago.
Of course since Trump has yet to announce a solid plan deal with education, as there only a few bits of ideas being implemented, it is only the matter if EDMC will adjust to the new rules. Though I be surprised if it still sank as this opportunity is pretty much a freebie.
Regulations will be gone, but so will students. Regulations are put in place for a reason. It mandated some sort of quality. With all the regulations gone, there will be people lining up to create Buffon University to get money from student loans. People would go for a 6 month "certification" program before a 2/4 year university all day long, if not for accreditation and federal funding being issues. That's why they exist now and are popular amongst some even though they can't get aid to go there. 1. They will be cheaper. 2. Shorter in length. 3. Will not have mandated classes like math and science. People hate that they have to take classes to fill electives or other requirements that they are not interested in. They hate it in high school. Teachers hear it all the time. Typical college age kids, the millennial ls, want everything free and fast.
For a business, risk sharing is a huge deal too. Community colleges have fought against it for a long time.
I have to agree with the original poster. If these corporations can hang on by their fingernails for the next two months, government shrinks, regulation goes out the window, the profit motive rules the roost, the markets flood with cash, the same people who caused the crash of 08 are now free to do exactly what they did back then, transfer risk, make big bucks and build that bubble. It's ground hog day. Sorry folks.
Not really. If he makes the changes to student loans he wants to make, the for profits are in trouble. He wants to give student loans back to the private banks, raising interest rates. In doing so, he wants the college to share in the risk of students who default on their loans. Read an article where expert says risk sharing threatens the whole industry and it's not clear if Trump will be "sympathetic to the non profits." And to top it all off, it has bipartisan support as a bill to do just that was introduced in 2015 by a democrat. He also wants to create more Trump Universities, or what he calls "non traditional" education where people can get federal money to go to Cracker Jack programs with no standards. That will increase the competition and threaten them as well.
No... strengthens case more.
DOE has a limited amount of time.
Now is the time.
Also how many times has Trump filed bankruptcy?
Rights will be restored.
Ya lost, Cam
I thought Colorado was under heightened cash monitoring?
Can anyone tell me why no EDMC schools are under Heightened Cash Monitoring II? I know about a dozen are under HCM I, but does anyone believe the numbers that EDMC must be giving ED? If EDMC weren't in HCM II, why do they have to close 40+ schools? I've seen the enrollment numbers at other schools and I wonder why EDMC isn't closing even more. If they are keeping some schools open because of lease agreements, how is EDMC paying the bills?
https://ifap.ed.gov/fsahandbook/attachments/0910FSAHbkVol2Ch11Financial.pdf
Either that or the DOE will move faster than ever and cut funding right away with the understanding that they only gave 2 months left to take action on their agenda.
Get over yourself. Your girl lost as did the crooked media.
Maybe we will go back to the Matrix and make real money