Thread regarding Corinthian Colleges Inc. layoffs

Heald letters sent to students...

Dear XXXX ,

Below is important information you need to know about our school. Should you have any questions after reading this message, please contact your campus president.

Possible Sale of School

Corinthian Colleges, Inc., the owner of Heald College, plans to offer your school for sale to another school or to new investors. The sale will be completed in accordance with applicable rules and regulations of Heald College's accrediting agency, state licensing agencies, and the U.S. Department of Education.

If your school is sold, it may continue to operate after it is sold in much the way it does now. However, certain changes may occur. As stated in your Enrollment Agreement, Heald College reserves the right to change instructors, textbooks, accreditation, schedules, or cancel a course or program for which there is insufficient enrollment. If your school is sold, the new owner may choose to make some of these changes or other changes.

by
| 454 views | | 4 replies (last ) | Reply
Post ID: @OP+wQfRAQC

4 replies (most recent on top)

I have a question about this. We know that many of CCI's programs won't pass gainful employment muster, and that GE is coming. That being said, the disclosure states that a program can be discontinued for insufficient enrollment. Could a buyer discontinue a program for other reasons, or are they locked into the students' contracts? If it's the latter, that's another barrier to being sold.

by
| | Reply
Post ID: @b4o+wQfRAQC

Same crap. Nothing's changing! (But it might!)

by
| | Reply
Post ID: @aRN+wQfRAQC

http://www.heald.edu/multimedia/heald-campus-disclosure.pdf

by
| | Reply
Post ID: @8xD+wQfRAQC

Basically the same as Everest: http://www.everest.edu/multimedia/everest-campus-disclosure.pdf

by
| | Reply
Post ID: @B0f+wQfRAQC

Post a reply

: