Having been laid off 3 months ago from a closing EDMC school, I can say that I don't miss the corporation at all. Employees gave our hearts and souls to the students (remember them?) while having raises and 401k matching taken away. Morale sunk among faculty, staff, and students as communication from the highers-up became mangled, then silent. Students are offered transfer grants that most can't accept - they're adults who can't uproot their lives and move to the next school that is at least temporarily still accredited. What people forget is that this corporation is indeed a series of institutes of higher learning - SCHOOLS full of students who are not university-bound who had hoped for a career; teachers with masters and doctorates who had heavier loads than their peers at other schools and were paid less; and administrators and staff who did not know if they would have a job the next day. And then they didn't. We did get our "severance," which was tiny. I did get ample notice. Most people did not. I would immediately start looking for a job and not go down with the Titanic.
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For-profit means 'take all comers'---indeed.
Wake up and "take" responsiblity. The suits could never have perpetrated this mess without your help. You sound like the German people post WW II claiming they had no idea there was a holocaust taking place within their midst. The whole "I love my students" line is disingenuous and delusionary. And now EDMC is coming to its logical pathetic end taking employees and newly recruited hapless students down with it. What a legacy.
RE: GS, who knows. "For-profit" means "take all comers." That said, there's a viable place for career/technical/apprenticeship schools in the world, right? Can community colleges take the brunt of students who literally cannot write a paragraph? I need to check the stock market.
RE: "Heart and souls" - I think most educators give their hearts and souls to whoever they are teaching. Abandoning them would be worse. So maybe going down with the Titanic is the honorable thing to do.
RE: Bad bill of goods, every day I felt hypocritical but tried to do right by my students and peers. It was rough for sure.
I feel the same way. Stayed longer than I should, finally got out. The longer I stayed, the more I felt like I was selling the students a "bad bill of goods" - no matter what I did in the classroom.
You gave your "hearts and souls" to the students and this is what you get for it? Bumpkis!
I guess you didn't get the memo.
Makes me wonder where EDMC would be if Goldman Sachs was never in the picture