Any thoughts, I work there, single earner, family of 5. Very concerned. Working in admissions.
2 replies (most recent on top)
Are you told to do any of the things CCI is noted for at ITT? Or do you know that it happens? Like grade inflation, massive recruiting without regard for graduating potential, faking job placement numbers? Oh, how about predatory lending? Try periodically googling your employer's name and "lawsuit." Settlements are always possible, but they always take a toll on the profitability (read "staff").
http://www.consumerfinance.gov/newsroom/cfpb-sues-for-profit-college-chain-itt-for-predatory-lending/
The CFPB’s lawsuit alleges that ITT encouraged new students to enroll at ITT by providing them funding for this tuition gap with a zero-interest loan called “Temporary Credit.” This loan typically had to be paid in full at the end of the student’s first academic year. But ITT knew from the outset that many students would not be able to repay their Temporary Credit balances or fund their next year’s tuition gap. ------However, ITT’s CEO revealed in investor calls that converting the temporary loans to long-term loans was the company’s “plan all along.” ----
Loans likely to fail: ITT knew that most of its students would ultimately default on their private student loans; it projected a default rate for its students of 64 percent.
Did you read the Federal Register? Compliance with those regulations is a major problem for all schools. CCi has chosen to put the wolf in sheeps clothing. If ITT does the same, it will always be bad in admissions.