Team Everest College Phoenix,
In addition to the recent CCi communications you received, I want to share the following ECP-specific information with you:
- CCi filed an 8K report with the Securities and Exchange Commission this morning providing further details on the Operating Agreement signed with USDOE last week. While you may access it by clicking on investor relations. Here are the highlights:
a. Everest College Phoenix is now publicly identified as one of the 85 CCi institutions to be sold over the next six months.
b. USDOE and CCi are finalizing a sale-related disclosure statement for prospective and current students. That document will then be shared with our regional accreditor, the Higher Learning Commission, for its review and approval. Then ECP will distribute those disclosure statements.
c. All CCi schools to be sold (with the exception of ECP) remain on a new student enrollment freeze until Wednesday, July 9. There is a separate process in place for ECP. A new student enrollment freeze began last week at ECP at the direction of the Higher Learning Commission. That enrollment freeze continues until HLC permits a restart of new student enrollments following review of the USDOE/CCi Operating Agreement. We are in daily communication with HLC to expedite this process. We are permitted to recruit new students up until the signing of the enrollment agreement.
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In the meantime, it remains business as usual at the College with no interruptions in services to our students. I remain confident of a positive sale outcome for the College. You and I know that ECP’s best days lie ahead and together we will leave a legacy on the other side of this transition. So please keep the faith--in yourself, in each other and the in students you serve so very well.
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Finally, here is a link to an article that should give every U.S. citizen pause in a media environment otherwise saturated with negative stories.
http://clips.corinthiancolleges.com/wp-content/uploads/downloads/2014/07/Obamas-Letters-to-Corinthian-WSJ.pdf
I will continue to provide updates to you on a regular basis.
All the best
Dr. Ed Johnson
President
Everest College Phoenix
Walid Kaakoush
Vice President of Operations
Direct Dial: 480-327-5200
Email: walid.kaakoush1@cci.edu