Thread regarding Corinthian Colleges Inc. layoffs

the world is full of educated idiots

I have a Masters degree in Counseling from Public University, and Education Doctorate from private non profit regionally accredited University. Also dean of continuing education for 15 years at private non profit and VP of external degrees.

325 does that answer your question?

365 - "...and consider any education beyond the bachelor's level to be useless". Good luck with that belief when you apply at traditional colleges. In most cases, you can't even teach at a traditional school with out a masters, let alone be in a leadership position. Doesn't matter what you believe, its what the employer belives.

44365 - What you have is a double-whammy of negative stigma: a degree from a questionable for-profit and ten long years working for an even more questionable for-profit. Traditional colleges have typically discounted the value of the education at for-profits (I'm trying to be polite here....many in the traditional college sector would use much more descriptive language to characterize for-profit colleges). Anyone in a position to hire will compare your resume' to candidates with traditional college experience and make the obvious choice. Your best bet might be traditional schools that have opened an on-line division, which uses many of the same business structures as fo-profit online - without the corruption and cheating.....

44325, I have a regionally accredited BA from UoP, and consider any education beyond the bachelor's level to be useless. I see no reason why I wouldn't be qualified to work in any realm of higher education, with my degree and over 10 years of experience as CP at Everest.

44326 - God, I'd love to know which management twat you are! How can you even imagine you can spin this into being good news?!? Do you honestly think your employees are morons? Here's a head's up -- they are almost all better educated (and smarter) than you are.

People learn of news for the first time, and often never stop to consider that the company knew it would happen months ago, hence the tight budgeting. They think the company hasn't laid out any sort of plan and the news is also brand new to the company. Part of an Agreement with lender's is the company knowing it can handle the payments, otherwise the agreement doesn't happen.

You should be so proud (I'm being sarcastic). I'm just curious, what credentials you hold that qualify you to be the president of a college campus? Guaranteed you will never be president of a real college.

I was President at 3 campuses

308 must have been at only one campus, and likely has a distorted view.

Every campus I was at gave hundreds of students an excellent education because of faculty who were dedicated to helping students succeed.

Seriously. People are proud to work for a predatory lender? Lol. Wow. Unreal. The ship is sinking. It really is a long kiss good night!

Now your going to get fired lol. Dummy. Haha. You love ripping off people and offering a horrible education for 10× the price of a real one don't you? Haha

298: of course the sale pays off lenders. I fired negative people like you, especially when you call people stupid.

It is good news considering WHAT could have happens.

Hahahaha. God some of you are so stupid. This filing is not good news lol. It says all the money they got is going to pay off lenders. Gees where do you people come from?

CCi did not close campuses that were not making a profit fast enough. 80% of campuses made a profit.

With all the losses that CCi recorded, every $1,200 in revenue must be a $200 loss, or something like that.

Every college treats students as income flow regardless of how students pay..Pell Grant, Federal loans, private loans or cash. It is called income.

I object to the term students are "earning" $1200 per month.

We are giving it to them to keep their loan status live on the books for prospective buyers in the debt collections area. Just look at how the academics group has been restructured. They actually sell loans "or else" (said to student).

Selling property is small compared to thousands of students earning $1200 per month. Students are the assets investors will buy.

OMG Former Campus President... if you are really a former campus president, there is little question as to why this "educational" company failed. You have that so wrong it is sad. I'm going to write a main post, rather than just a comment. You might want to read it so you more fully understand that filing. But here's a spoiler alert: Quickstart sold for 3 million, Thornton and Tampa have NOT sold yet, and NO credit was extended.

Selling off assets until there is nothing left is bad news.

QuickStart sold for 4 million, Thorntonfacility sold and Tampa property sold . With money coming in creditors extended credit. Good News

268- Right. Healthy companies get default waivers. Unhealthy ones done get such.

Lol. It is opposite.

Summary: CCi is dead.

Can someone summarize

Need this info and try to listen closely to Bosic tomorrow. Hope?

Not bad news but good news. It means the lenders see money coming their way. Looks like quickstart sold for 3 million.

Read this, read Full filing. Looks like creditors are giving them a forbearance until 12/31. Not sure about much else lots of legalese. Need to read it carefully