As students of wyotech many wonder if we should stay or get out now especially those in electives who haven’t been able to take core classes. So does anyone know if wyotech will go past 2017 is the real question?
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Looks like the community college won't be able to raise the money for WyoTech. It's now up to Mathis to save whatever is left of WyoTech, at least the Laramie campus. With no new enrollments he would have to start with nothing and hope the students will come.
It would appear not any time soon. At least folks in Wyoming value what the school brings to the economy and the community. I m glad efforts are actively underway to save it.
Closure may come sooner than June 2018. A lot of students have indicated they will not be returning after Christmas break. UTI and a few other automotive schools have said they a willing to take any WyoTech student that wants to transfer to their schools.
UW has no money there budget was slashed and they have been laying off staff if there is any hope for Laramie Wyotech it will have to come from out side the state. To bad for the staff the roller coaster ride is over and it has left the track.
The community college announced they were NOT buying WyoTech.
All one can say is wait and see. The sale I would imagine would be only for the laramie campus not Blairsville or Daytona. And if you are looking at profit/loss margin do not overlook the money invested in advertising and improvements/maintenance of the facilities. Enrollment while lower than expected was steadily increasing. All I'm saying is wait on the headstone before you announce time of death.
And by the way, WyoTech has been for sale for a year and no one would touch it. The three WyoTechs combined have been losing close to 10 million a year for the last two years.
Looked at and bought are two different things. With new enrollments stopped the population will continue to decline to the point no one will want it.
Wyotech Laramie is being looked at by both the the UW and community college, potentially to be purchased by either or and or possibly both. It's in the Laramie paper. I'm certain it will continue on.
WyoTech made it's name on how it was run. The students either followed the strict rules and if not they quit or were kicked out. They were number one in the industry because of this. Once the schools changed everything to cater to the students the employers quit hiring the graduates. The dealers and repair shops are hiring auto tech students out of high school and training them themselves. The youth of today refuse to abide by rules and regulations and most are not one bit interested in the automotive industry. The only thing that has kept WyoTech going is veterans and their VA benefits but they're getting scarce. Look at the numbers, from 1500 students 7 years ago to 250 students today. Plus tuition has gone from $15,000 to $32,000 for a 9 month education, but starting wages for entry level technicians have stayed the same. Buying WyoTech would be like buying a dead fish hoping it will swim.
Someone from the past will save them. Just stand by.
Laramie newspaper reported that Caleb Parriton (Dean) said they should be done with teach out June of next year. Of course they are hoping for a white knight to save the school and there jobs and when I was there that was the promise of Zenith, it is very expense to buy comp cars and rent the big rig trucks to work on. Looks pretty grim to bad was a great school at one time. The students donated a lot of time and effort to the community and that will be missed by most of the people of Laramie.
Agreed the market is competitive. But the fact remains the schools are viable, bar none. IF ECMC/ZENITH were interested in continuing any form of an educational division WHY keep only three schools, really ALL the other campuses were "inconveniently" located, or were destination schools that's insane, they will be out of the education game within a year or less. It's nonsense. That company was earmarked by the federal government under an Obama led administration to show a "hard line" a preemptive strike against the looming student loan default bubble that would kill an already dying economy, that was already wounded from the housing market collapse that occurred under the administrations two terms, preserve what little legacy he/they could that their interests were America's interests. NOPE it's political simply put say I'm right wing nuts, then Google Hillary Clinton for profit schools, see how much bill got for being an honorary chair at some no name school in Baltimore. Uh oh?? Wyo was the industry leader in post secondary automotive instruction. Their add on specialty programs set the bar for what was excellence in the industry. It s only now a competitive industry because the other schools emulated their practices and curriculum period. Wyo s only sin was being bought by CCI and lumped in with the everst brand. As stated it's viable it's still pursued by huge names within the industry seeking meaningful partnerships with. It may meet it's demise but I would not bank on it.
You're both somewhat correct. The deal made,with the DOE was that the schools could not be sold for a set amount of time, I believe it was 2 or 3 years. But they have been shopping WyoTech around for the last year trying to secure an interested buyer that would purchase the school or schools at the end of that time but no serious prospects came forward. ECMC decided to cut their losses and close them down. It's a very competitive market in a struggling industry. If there was a chance of survival for WyoTech ECMC would have chosen to consolidate the schools into one location and kept it along with the three other schools.
Again WRONG! ECMC/ZENITH was contractually obligated by government regulations TO own/operate the purchased schools for said amount of time, and conform to a highly regulated standard of buisness practices. Otherwise another CCI like operation could come in and simply purchase the schools and reinstitute the policies that led to the government intervention in the first place. If one argues with an idiot online who is really the idiot?
Nobody is buying Wyotech. All three Wyotech campuses have been on the market since the first round of Zenith layoffs. Nobody is interested.
Deep pockets to purchase and operate it. WyoTech is dead and should be. It's ripped students off for too long, Swami.
So says the swami! Re-read your post. You contradict yourself within two paragraphs. Zenith bought how many schools for 24 million dollars INCLUDING all three wyo campuses, but "deep pockets" will be needed to purchase wyotech? As for overhead yes it's high, however it's operated on a shoestring budget for years. The doors are still open, graduations go on. There's massive profit potential there, it doesn't take a PHD in economics/business to see it.
Keep wishing WyoTech will go on. With 200 students that's not much for the local economy and with the overhead it takes to operate the school someone would need very deep pockets to purchase it. It is a possibility for Laramie since it has its roots there, but Blairsville and Daytona are history.
You have a legal contract ensuring you will have the opportunity to complete your selected 9 month program. ECMC zenith education group's parent company is a viable entity with plenty of capital, they unlike CCI or ITT tech which for all intensive purposes was bankrupt and could simply lock the doors and say sorry about your luck (no blood from a stone) whereas ECMC/Zenith doesn't have that luxury if you wish to call it that. In other words you will be able to complete your programs as agreed upon provided you do not fail one, and will graduate as planned. Personally and plenty will say BS Wyotech imo will remain open in one way or the other maybe not all three schools? But it's too important to Laramie s economy and social structure to close, some group will purchase it for pennies on the dollar and it will go on. ECMC/Zenith had done it's job transitioned massive loss from student loan default to manageable loss in the eyes of the federal government. Pockets we're lined, Obama's agenda met, economist reassured and money was made by all in the process; with face saved for those who could not afford to look to be made foolish. When's the last time anybody heard about the national economic threat/disaster of the bubble of student loan default? Agenda accomplished.
Also, if they quit before the school closes or they graduate they are responsible for all their loans.
All three WyoTechs are slated to close by June 2018. At least that's the plan for now. Of course once the population gets so low it may be cheaper for ECMC to refund their money instead of continuing to teach out. Lord knows Zenith has a reputation for changing plans as they go.