The same old rationalizations. Now scheme center is picking up the baton and running with it disguised as a warm and fuzzy non-profit.
The game is so obvious and still nefarious.
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So none of you are leeches are complicit having known these facts for over a decade. Goldman Sachs made me sign these kids up.... even though I knew the program was B.S. and that it was a scam to take federal funds. Alrighty then?
bjk.
Good presentation until the end. That's when you entered bizzaro land at the end with the ...no different from the community college.... you've got to be on fentanyl.
As for " Huh, Elaborate" it was something about the DOJ's qui tam lawsuit. Now go back to sleep you need your rest.
How about not so much fraud as incredible incompetence and mismanagement? Both Goldman Sacs and KKR made a stupid deal in order to pump the stock and enrich those at the top, and this left the schools without sufficient funds to run good programs. Before Goldman, most EDMC components were turning out grads who may not have been brilliant, but mostly got jobs. (health sciences at Argosy still leads to good, and good paying, jobs). Goldman is the reason that EDMC was in so much worse shape than Phoenix, although they were drawing from the same student pool using the same teaching practices and same governmental aid. True, some students were never going to get close to their tuition over the working lives (think some criminal justice or animators), but this is no different than the community college who teaches fashion design or the state school that offers degrees in philosophy or speech.
Huh? Elaborate.