In case people were not looking. Corinthian College - one of our competitors in a similar situation- announced they are selling and or closing all of their schools and campuses today.
3 replies (most recent on top)
CCI is much worse, we did not deal with Genesis like loans. Genesis loans killed Corinthian, basically they were taking on bad debt onto their books. The more students defaulted, the bigger problem CCI had
Check out the data in this chart. EDMC's numbers look very bad.
http://www.nytimes.com/2014/07/03/upshot/corinthian-colleges-is-closing-its-students-may-be-better-off-as-a-result.html?smid=tw-nytimes&_r=0
Doesn't surprise me one bit. I saw this coming 7 years ago and left of my own accord.