Thread regarding Corinthian Colleges Inc. layoffs

Agreed, looks like they are planning for a teach out. That means massive RIF coming and continued RIFS until all the students have completed or failed out.

Teach out Look it up There are teach out agreements

What does this mean?

1) students will be given an opportunity to complete their education without material interruption, change or additional cost;

There are regulations in place for helping students move to other schools to complete their training. nothing new there.

2) faculty and staff will be treated in a manner that causes minimal personal and financial disruption;

what? *

and 3) the agreement will consider the value of the schools for students, employees, and taxpayers, and respect the interests of the government and Corinthian’s fiduciary and contractual obligations. no value for students who don't get a real degree recognized in the workplace; worth a paycheck to employees; a drain on taxpayers what do you think?