Walden at the top of the list. https://www.forbes.com/sites/michaeltnietzel/2023/08/03/graduate-degrees-that-leave-you-deeper-in-debt/?sh=2d2c26bfd41b
Borrower Defense Claims Surpass 750,000. Consumers Empowered. Subprime Colleges and Programs Threatened.
As of January 2023, there are more than ¾ of a million Borrower Defense claims against schools. And each month, about 16,000 new claims are added. Those claims are disproportionately made against a number of for-profit colleges and formerly... — read more
Walden enrollment down
1% drop in total enrollment 3% decline for new students https://static.seekingalpha.com/uploads/sa_presentations/186/79186/original.pdf
Student loan volume down 48 percent at Walden
https://tcf.org/content/commentary/student-loans-plummeted-summer-term/?agreed=1&session=1
Isn't there someone you can bribe?
"Laureate Education Inc. (LAUR) is fighting for survival. The international for-profit system of colleges is no longer backed by the Clinton Foundation. Its founder Doug Becker was ousted in 2018 with an enormous golden parachute. And its rich and... — read more
Possible national class action?
The current domestic cases include: (1) On October 5, 2016, a student filed suit against us and Walden University in the United States District Court for the Southern District of Ohio in the matter of Latonya Thornhill v. Walden University, et. al.... — read more
Va. congressional candidate says she has $200K in debt from for-profit colleges
Vangie Williams, the Democratic nominee in Virginia’s 1st U.S. House District, said she has $200,000 in student-loan debt from taking classes through for-profit colleges....In an interview, she said she has three degrees and is working toward a... — read more
DB pushed off LAUR Board?
Who is left? https://www.thelayoff.com/laureate-education
Laureate makes another $180M in acquistions
Looks like the parent company is on another spending spree. https://www.sec.gov/Archives/edgar/data/912766/000110465917073494/a17-28498_18k.htm
Phoenix Invasion?
Has anyone seen an invasion of UoPX folks? Or Capella?
More problems at Bilgi University in Istanbul
On March 8, 2017, 15 to 20 attackers stormed a demonstration marking International Women’s Day at Istanbul Bilgi University (a Laureate International school), The university said some students and security personnel were beaten and one student was... — read more
LAUR raises $490M in IPO...
LAUR raised $490M in its IPO, less than half than they expected to get. The company will need to cut costs to make profits. http://www.baltimoresun.com/business/bs-bz-laureate-ipo-20170201-story.html
Walden adds to glut of doctorates
Walden University granted 562 doctorates in 2015. It is notable that Walden grants more doctorates to African Americans than Howard University, Jackson State, and Georgia State combined... — read more
Walden University Class Action. Federal Trade Commission.
I see NBC News investigated Walden University and found a group of students, mostly women, several women of color, whose lives have been ruined by Walden. The segment here says there is a class action currently coming together... — read more
Where do Walden Ph.D.s teach?
https://www.phoenix.edu/content/dam/altcloud/doc/colleges_divisions/school-advanced-studies.faculty.pdf
Higher ed assembly line
"Walden University has 206 full-time instructors for more than 50,000 students." https://collegemeltdown.blogspot.com/2019/12/the-higher-education-assembly-line.html
More rumblings in the annual report
Sounds like almost anything can happen to "unlock shareholder value." https://www.thelayoff.com/t/13ID4qxC#replies
Walden sold off to Adtalem
https://www.marketwatch.com/press-release/laureate-education-to-sell-walden-university-to-adtalem-global-education-2020-09-11?tesla=y
Student X
Tell me how you feel about this. http://collegemeltdown.blogspot.com/2020/11/a-letter-to-us-department-of-education.html
Laureate Rewards Club
Someone's making out like a bandit. https://www.insidehighered.com/quicktakes/2020/11/16/laureate-execs-set-receive-large-payouts-after-sale-college
The College Dream is Over
https://collegemeltdown.blogspot.com/2020/10/the-college-dream-is-over-gary-roth.html
The lowest-paid workers in higher education are suffering the ...
And some of the lowest-paid workers in higher education are bearing the brunt of the layoffs, mirroring broader trends of the most unequal recession in... — read more
Justice Department Probe
"The U.S. Department of Justice is investigating Walden University, an online for-profit college, over allegations it misrepresented aspects of a nursing program to students and an accreditor, according to an SEC filing....The company has launched... — read more
New Federal Legislation Protects Veterans From Predatory Schools
https://vetsedsuccess.org/veterans-education-success-hails-unanimous-passage-of-landmark-legislation-to-protect-student-veterans-and-ensure-better-oversight-of-gi-bill-colleges/ “This landmark legislation expands student veterans’ protections and... — read more
"Activist investors urge Adtalem to pull plug on Walden U purchase"
"Two investment firms, Engine Capital and Hawk Ridge Partners, wrote in an open letter dated Thursday that they were "severely disappointed" with the board's decision to purchase Walden, calling the college a 'substantially inferior... — read more
Synergies?
Let me provide a brief update on our planned acquisition of Walden University. We remain enthusiastic about the complementary programs and online capabilities that brings to Adtalem. The acquisition of Walden University plays an important role in... — read more
Debt Sentence
Student loan default is a traumatic, stigmatizing experience. Because of that, many working people keep the pain of their student loan problems to themselves. Can you feel it? Do you feel any guilt at all... — read more
Definitely not a love letter
"Despite the tremendous opportunity at the Company, we have serious concerns about the ability of the Board of Directors (the “Board”) and management team to realize the Company’s true potential, allocate capital appropriately, and capitalize on its... — read more
Sale to Adtalem completed
"The transaction, which closed on the terms previously disclosed, resulted from Laureate's efforts to explore strategic alternatives for each of its businesses in order to unlock shareholder value... — read more
Student loan debt numbers
In 2014, Walden University's student debt numbers were horrible. What do the numbers look like now? https://www.highereducationinquirer.org/2021/11/more-transparency-about-student-debt.html
FTC Warning
"The Federal Trade Commission this morning announced a new initiative to combat deceptive and unfair practices in the for-profit higher education industry. At a press conference, FTC Commissioner Rohit Chopra and Bureau of Consumer Protection... — read more
"Education for Good"
That's what the ads say...but so many have crippling debt.
What happens to all the Walden students that end up with insurmountable debt?
The end up as lifelong customers of Maximus. https://www.highereducationinquirer.org/2022/01/maximus-student-loan-debt-and-poverty.html
Lawsuit Charges For-Profit University Preyed on Black and Female Students
https://www.nytimes.com/2022/04/08/us/politics/walden-university-lawsuit.html
New Walden President
Worked for McKinsey...https://www.marketwatch.com/press-release/adtalem-global-education-appoints-michael-betz-as-president-of-walden-university-2022-05-23
Sweet v Cardona
How many Borrower Defense claims have been made against Walden University? https://predatorystudentlending.org/cases/sweet-v-devos/
"Soul Machines Partners with Adtalem Global Education to Launch Digital Person that Reimagines the Future of Health Care Career Development"
"Soul Machines, the groundbreaking company pioneering the creation of autonomously animated Digital People, has partnered with Adtalem Global Education, a leading health care education company, to launch Linda, a Digital Person that reimagines health... — read more
The Promise and Possible Perils of Online Postsecondary Education (Caroline Hoxby)
https://www.nber.org/system/files/chapters/c13709/c13709.pdf "This study attempts a fairly comprehensive examination of online postsecondary education and its effects on students’ later earnings and job outcomes. It also calculates ROIs. On the... — read more
"Be the change you're looking for"
https://www.linkedin.com/posts/walden-university_join-waldens-mission-of-social-change-and-activity-6971181878011670528-Y3SB?utm_source=share&utm_medium=member_android