Everest Online is not profitable. Jack always mentions that they really thought online would take off but it hasn't. The dropout rate for online is by far greater than the ground schools. Students get their laptop and leave. Smh
5 replies (most recent on top)
LMAO. Look at the online student demographic. String those students along on debt with the carrot (stipend) for as long as humanly possible.
Online profited over 130m. They are indeed. They will be sold.
http://seekingalpha.com/article/2195133-corinthian-colleges-coco-ceo-jack-massimino-on-q3-2014-results-earnings-call-transcript
This is 3 qtr 2014 call
I have been listening to them for some time now, but I didn't pay close attention to the online division. The last one was almost comical. I was waiting for far more, but there was no mention of the magnitude of all the problems. Where is an archive of those?
They get the laptop and stipends, then check out.