Explain how EDMC employees are all going to stay put with their salaries when the $60k degrees are gone? I know you can't charge that much to get a GED. Have fun or time to close up when DOE does not approve it.
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There is no way they can continue to pay the salaries some employees get if this happens so what's going to happen?
The first thing they need to do if they keep the AI schools is to close programs like animation, and game art. Those programs are the biggest joke.
Bottom line, lending to people who can't repay loans is not sustainable. At some point government sachs will come to an end and so will this.
Let's face it, education and Jesus are a powerful synergy. This combo seems to be working at GCU.
They are the first Christian based for-profit university actively traded on the stock market.
Who knows maybe the Dream Center owners will buck the non-profit trend and become for-profit.
Whay's the difference these days anyhoo.
Lower cost = more students