It's probably CCI's way of trying to raise cash. But it means nothing to employees. They are NOT a college.
7 replies (most recent on top)
They do not want that default crap!! Students know when they sign up for school, it's because their government housing wants proof they go to school or their parole off officer suggested to sign up for school because it looks god for their court date. They drop after the judge frees them. They never intended to pay for their school debt. They feel that the government supports them so that's their way for generations. The government might as well pay for their school too.
Federal regulators and the CFPB put an end to CCI's selling of student loan debt on Aug 21st. See Bloomberg news today
Similarly, you don't need a tour to value a school.
They don't need to tour campuses to evaluate student dept.
Anonymous30408- Maybe the tour is part of the valuation of the debt.
Why would ECMC tour our campuses if they were only interested in buying our student debt? No need to tour our campuses if all they wanted to do is buy our student loans.
Seems like a conflict of interest that a debt collector would buy dozens of colleges. Hard to believe DE and all the accreditation bodies would approve that.