Since they seem to be one of the few groups in the black, I'm guessing 80%
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Maybe he can apply at one of the schools that remain open and get himself a useless degree
good faith? lol
There we're offers for wyotech already but buyers only wanted Laramie and blairsville. So it was rejected but times have changed in the last few weeks so t he good faith that dept of Ed was talking about might force the sale with those two big box campuses. We'll see soon enough
Anonymous18105- Roger that!
since nobody bought them during the panic attempts to sell over the last two weeks, it is safe to assume the market for Wyotech and Heald is soft at best. I would be personally interested to see the books on each Wyotech and Heald campus to see what kind of liabilities they have compared to assets. Wyotech and Heald are not the Yankees and Dodgers of for-profit schools. If anything, the last two weeks taught me that the industry is going to contract schools, not increase or sustain.
Anonymous18100- First price auction... Wait too long and your competitor will pick it up for 25 cents on the dollar. You lose out on your pennies on the dollar. Of course if no 25 cent buyer materializes, then you get an even better deal.
CCI has been trying sell both Wyotech and Heald for about a month with no takers. Now that the ED put a death sentence on CCI...the buyers have no incentive to act soon. THey will wait until they can get them for pennies after bankruptcy is filed...just like Barclays did when it bought Lehman bros.
The three CA schools are all in a single OPEID. Laramie is the main campus to Blairsville. My guess is that Laramie has the best chance of being sold.
There may be more axing...
oh yeah, forgot Sacremento was axed.
FIVE schools!
Fremont
Long Beach
Daytona
Blairsville
Laramie