"ED has also provided for an immediate drawdown of Title IV funds for currently enrolled students"
Translation: If they want financial aid, ED suggests they transfer to another school.
"a mechanism for continued funding during the transition of our schools to qualified buyers"
A "mechanism"= JUST enough money to pay your creditors and utilities and skeleton staff.
I expect a VERY large layoff announced next week.
So much for transparency..but truly an independence day..who says some gifts are unanswered prayers
So much for transparency..but truly an independence day..who says some gifts are unanswered prayers
So much for transparency..but truly an independence day..who says some gifts are unanswered prayers
In a financial world drawdown means to transfer funds not the same thing as deplete. So to drawdown Title IV funding means to transfer that money to CCI.
Drawdown - 1. what you do to buildings. lol.
17998..no, it isn't.
But don't take my word for it, you will experience it first hand soon enough. The cash crunch the last 2 weeks along with the extreme negative media blitz already mortally wounded CCI, financially. Add in the limitations on funding just announced and that spells layoffs very soon. Lie to yourself all you want, but CCI is done and that's that. Jack and his pals have more bills to pay then just salaries, and as you just experienced the last two weeks, your salary is not top priority to them.
Drawdown-1.The act, process, or result of depleting. Translation= Money is being shut off sooner rather than later. ALL CCI schools MUST be sold or taught out in 6 months with a Title IV "mechanism" to ensure it. Most of your students are going to drop out and go somewhere else because NOBODY wants a degree from a school being forced to liquidate. Mechanism in place to greatly harm ability to enroll new students until school is sold, IF sold.
17996- That's wrong in so many ways.
Likely the same guy who thinks PPE is just buildings and land.
Drawdown-1.The act, process, or result of depleting.
Translation= Money is being shut off sooner rather than later.
Got you degree from EUO, right? Enrollment rep?
ALL CCI schools MUST be sold or taught out in 6 months with a Title IV "mechanism" to ensure it. Most of your students are going to drop out and go somewhere else because NOBODY wants a degree from a school being forced to liquidate. Mechanism in place to greatly harm ability to enroll new students until school is sold, IF sold.
That's not what a drawdown means dummy. Geez there are some tards on here lol