Now that CCi has released some additional information, let's consider the impact. Hopefully it is clear that closing a school is expensive. CCi is not closing locations that are producing cash, and since there are no new enrollments, the campus populations will slowly approach zero. I don't consider it worth the effort to go research the programs at each location, but locations with the under 1 year programs will clearly be closed within a year. Yes, Yes, I fully understand that CCi might not be around at the end of this year, and it's less likely CCi will survive these teach-outs. And it is likely that CCi kept some under-producing locations.
"About 3,400 of the 72,000 students who attend schools owned by Corinthian — owner of Everest College, Heald College and WyoTech schools — will be affected by the closures, the company said." So the average student count is about 3,400/12 = 285. With an average count of 262, why was the Seattle OPEID kept? From yesterday, "All schools in the Pacific Northwest were selected for sale. That said, the remaining parts of the Seattle OPEID #026175 only had 786 active students back in March, and that's for all three for sale campuses (Seattle, Tigard, Woodbridge (DC)). At an average of 262 students per campus, that's the lowest average of all the multiple campus OPEIDs, and only one single campus OPEID has a lower count, Torrance at 122." Possibly the programs are modular, so the cost is lower. The average student count is low, however. And Torrance at 122?
As the population at the 12 school approaches zero, these schools are going to be slowly sucking more and more financial life out of CCi. So the question is how much does the rest of the organization need to cut back to support these teach-out campuses? It should be clear that the cuts need to be greater than the reduction in revenues, as the student count continues to go down. When will the the student count start to increase?