Thread regarding Corinthian Colleges Inc. layoffs

I use to be a finance rep for CCI and yes we were told to "push/present" this lender as an immediate option for money. The students would go online to Genesis in front of us and key in all important verification/financial information. We were told to make an attempt to "get a cosigner" however most times the student is not with a responsible party. They would get approve within 24 hours and I don't recall many who were ever rejected. The interest rate at the time was 14.9%. Until we were told to do so, we use to not mention that these payments would be starting immediately unlike the federal loans. But nowadays I think they have to emphasis this, though I'm sure if many can get away without, they would. If the student wanted to "shop" before committing to this lender we would tell them they it is unlikely they will get a school loan from a bank and they need to start/continue their studies immediately. After than Student Accounts is sent to skip trace continuously and follow these students- whatever it takes. The reps would even accept their cash and/or go to get cashier checks for students. Crazy! When they started cutting staff who did they cut most of all- those who SERVICE the students. Those they are REVENUE-generated were more incline to keep their jobs. Student Loan Specialist who gave the most help and good advise to students were cut just when they were making a difference. It is all about REVENUE...NOT SERVICE.