Please tell me, what kind of future this company will have, even if it survives the next 6 months, which seems like an eternity at this point. Do you think it will return to prosperous days, given the multitude of other problems? Are there any good reviews of any Everest School that aren't published by management? Even if you find one good review, what about the many others that are not so favorable? There are all the legal issues, the Gainful Employment regulations, and the list goes on. Also the turnover rate has been outrageous, and that's not to mention that CCi has shed many long-term employees, who will never return. Even if CCi makes it though the most pressing issue, do you see a rosy future?
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The "good old days" are over. Gainful employment rules implemented or not, for-profit colleges have to provide value or go out of business. If CCI gets past this something else will crop up.
I am hopeful they can pull it off but it is postponing the inevitable. Basically CCI is living from check to check otherwise the 21 day wait would not pose such a problem. There would be a cash flow crunch but it would not be a disaster.
EUO: LPH has hired her friends, family, church members and sorority sisters for so long and protected them when they would not come to work so the chickens are coming home to roost. It is over she has driven Admissions into the ditch. One and half years of missed starts.
Tough call on the biggest joke in DC between CCi executives and Cantor.
Also, if we're being really technical, the biggest joke in DC right now is Eric Cantor. Just saying.
12867, You do realize that Gainful Employment doesn't HAVE to be signed into law, right? The HEOA requires that all Title IV eligible schools prepare their students for "gainful employment in their field of study". The only controversy now is that there's never been a regulatory definition of what that means. DE just needs to release their final regulations and BOOM, it's law. They did so once before, and the Supreme Court declared that their definition was arbitrary. Once they avoid that hiccup, which I believe they'll do this time, the entire financial support of the for-profit industry falls. For-profit colleges, and CCi in particular, have always raised their tuition every time there's an increase in aid eligibility because they have to to meet 90/10. With regulations specifying what programs are eligible due to their costs, that's no longer an option. The entire house of cards comes tumbling down, and this is just a preview version of what it will look like for most or all of the other major "career education" companies.
Gainful employment regulations? The biggest joke in DC. It's so subjective, and discriminatory that if it even GETS to an actual signing into law phase, I would be shocked. I believe that all of the major companies will pull through this if not in their current forms, then in some alternate version. I don't know what public or private universities off what these schools do. Does anyone remember BOCES training back in the 70's 80's??
Not even a little bit. Every for-profit school in the country is running into problems; this Education Department is ready to drop the axe. Gainful Employment regulations are coming, and that's going to mean a slow death for the old way of doing things.
This will sound bad, but as a current employee I hope CCi doesn't survive. At least if I'm laid off I'll get unemployment for a while. I can't see the company thriving, even if it gets past the next few months. The culture has become toxic, their rep is horrible, and they've just made too many enemies. I'm sure that peeps that have left for greener pastures have spread the word. How are they gonna fill positions when everyone with education experience knows to avoid them like the plaque? They burned their bridges.
NO. Nothing good will ever be for this company again.