The most interesting thing to me in this is that the analyst believes that WyoTech is the likeliest to sell, which is different than most of what we've heard. makes sense to me: http://www.businessweek.com/articles/2014-09-25/corinthian-colleges-for-profit-and-too-big-to-fail?campaign_id=yhoo
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The OP needs an Education. Reading comprehension 101. Nothing in the article mentions a bailout. In fact, it discusses more of a close out.
Anonymous40391 -- Wow, way to throw our Heald brothers and sisters under the bus! Now that you mention it, though, don't they have their own thelayoff.com site? So I guess they're not here so I can admit that I agree with you. I wouldn't hire the ones that I've worked with. Not only kind of dumb, but totally stuck in their ways. I would describe them as obstinate and reactionary.
Anonymous40347: I'm EUO but I've always felt that WyoTech was our best asset and chance for a sale. Anything Everest is insurmountably (and deservedly) tainted and Heald staff always strike me as disgruntled and slow. If I were thinking about taking advantage of this fire sale, it would be WyoTech all the way. I'm with the analyst.
I see nothing that says they will bailout Cci
300 -- I'd have to agree that this is a typical Business Week pro-business article written by someone without much knowledge of the situation and industry. It would surprise me, though, if an industry analyst, whose job it is to know about things like online ed and accreditation, did not know about Heald.
Reposted from other thread (with typos corrected)......OP - I don't see anything new in the article to indicate that we are off the hook as your post seems to imply. ED may want to act in a manner that avoids a complete and sudden collapse (as stated earlier this summer)to protect both students and taxpayers, but the path still seems clear. Two things ED cannot control is whether or not any serious qualified buyers will emerge (none yet) and the drastically declining enrollment. Those, combined with the serious debt service/legal issues seem to indicate that the doors will close - sooner rather than later. If you disagree, please provide some fact-based evidence/analysis to the contrary....
The analyst also overlooks Heald's significant online offerings, and may not be aware of the WASC approval to offer bachelor's degrees (currently on hold).
Easssssy...the article makes no such claim a bailout will happen. It's a poorly written piece that lacks real details, and if you have not received an internal email detailing a bailout, then forget about it.