As an instructor I get absolutely NO information and do not understand the actual reason that ECP online cannot enroll students? Is there a date that this can start? What does it depend upon?
8 replies (most recent on top)
The simple answer is that we're waiting for the HLC to review CCI's progress in the MOU. That won't happen in time for new students to enroll at the October 5th start date.
786, students totally want the money. More than half of them sign up just for the stipend- then get pissed they have to pay it back.
No students want to waste their time or government money. That's the best explanation.
The HLC Public Disclosure Notice has not changed. (See for yourself using the link below)
I thought they were enrolling again?
"On June 27, 2014 and July 11, 2014, the Company’s Everest College Phoenix (“ECP”) institution received letters from the Higher Learning Commission (“HLC”), its institutional accrediting agency, regarding the Company’s recent Memorandum and Operating Agreement with ED. The June 27, 2014 letter requested information about ECP’s ability to continue to support campus operations and new student enrollments while a sale is pending. ECP provided such information. HLC’s July 11 letter indicated that most of the information submitted provided reasonable assurance that the college had sufficient financial and human resources to support ongoing operations, but sought additional information and requested the college to suspend recruiting activity until the Company had provided, and HLC had considered, such additional information. HLC indicated that it would consider whether to allow new enrollments in August 2014.
If any of our campuses were to lose their accreditation, the Company would continue to generate revenues from continuing students, but would consider teaching out these campuses as they would be significantly competitively disadvantaged compared to other schools where students are eligible to receive federal student financial aid. During any teach-out process, the Company’s revenue would decline more rapidly than operating expenses and the Company would expect to incur operating losses at those campuses. The Company could also expect to incur increased bad debt expense if students no longer had access to federal financial aid. Additionally, if the Company were to lose accreditation at one or more of its schools to which it has ascribed value for accreditation as part of purchase accounting, the Company would test the amounts it had allocated to such assets for impairment and would take an impairment charge, if necessary."
Take a look at the Public Disclosure Notice: https://www.ncahlc.org/component/com_directory/Action,ShowBasic/Itemid,93/instid,2085/
HLC