Someone told me there have been layoffs at Online Services. Is that true?
Department of ED stacking the deck with for-profit folks
DeVos has now hired Taylor Hansen (CECO, Apollo Group) and Robert Eitel (Bridgepoint) for their beachhead team https://www.propublica.org/article/for-profit-colleges-gain-beachhead-in-trump-administration... — read more
Ccn layoff?
Has anyone heard rumblings of ccn layoffs?
Looking for Whistleblowers re: Veterans
I'm looking for people who can tell me about how DeVry takes advantage of veterans. I know that the company receives the largest number of GI Bill Funds, after University of Phoenix. The exploitation at UoPX is well documented and was covered by... — read more
More layoffs announced today
Don't have numbers...but more layoffs today. This follows a trading halt and buyback yesterday. Trying to get sense of numbers right now. I do know of some staff but have no information on teachers or if campuses are closing.
Engagement scores?
Did anyone else find out their department engagement scores? Ours was really low I think the lowest I've ever seen (50s).
DeVry to Change Name
What do we know about this so far. Disclaimer: I am not an employee, just curious.
Earnings call press release
investors.devryeducationgroup.com/Mobile/file.aspx?IID=4183694&FID=37866669
DeVry settles with NY Attorney General for $2.75M
DeVry settles with NY Attorney General for $2.75M. http://www.stltoday.com/business/local/new-york-attorney-general-announces-settlement-with-devry-education/article_523fbbb3-c2cd-5d9d-b663-a6579dbf9ddd.html
Earnings call next week will be telling. Layoffs ahead.
The February 2nd earnings call should give a clearer picture of the layoffs ahead.
Carrington
Any news about layoffs or closures? Sounds like Friday maybe another round.
Ethics?
I think it should be pretty obvious at this point that our organization is very much aligned with republican values and motivations: corporate profit above all else. That means each of us is an extension of the republican party, and that includes the... — read more
Will campuses close
Has anyone heard about campuses closing?
Do the right thing
Rep. John Lewis has said repeatedly that when you see injustice " you have a moral obligation not to be quiet." With DeVry's CEO being an African American woman, is she willing to listen to DeVry employees who are interested in the good of the... — read more
So who feels comfortable they still have a job?
I don't and haven't for a long time. I've started looking, anyone else? Don't feel comfortable at all anymore, like the axe could drop at any moment. I wish they'd tell people what's really going on.
Stock is UP!
DeVry stock is up. Let's trust the markets here. They know that a good product with good management is a good value. Relax: campuses will stay open (probably expand) and we will continue doing what we do to help students.
What are the interest rates and default rates on Devry's private loans?
(1) What does Devry call its private (institutional) loan program? (2) What is the interest rate on DeVry's private student loans? (3) What is the default rate on Devry's private loans? I know Devry can write the loans off, but ED was not happy with... — read more
FTC Settlement
investors.devryeducationgroup.com/Mobile/file.aspx?IID=4183694&FID=37133994
Selling Carrington and closing remaining campuses
I heard a rumor that Carrington Colleges will be sold, and the remaining DeVry campuses will be closed.
George Akerlof's Theory of Asymmetric Information
I wonder if George Akerlof's Theory of Asymmetric Information is taught at Keller. https://www.youtube.com/watch?v=sXPXpJ5vMnU
Cato on For Profits
See the video here: https://www.cato.org/events/profit-colleges-awful-or-abused For-profit colleges have been accused of deceiving students, fueling debt, and producing atrocious outcomes. Many big chains—most notably Corinthian Colleges and ITT—have... — read more
Wardell and Unzicker said at the previous earnings call that there would be more rightsizing
I'm not sure if you would call this reliable since I'm hearing it second hand, but a Chicago area colleague told me that your group president doesn't think there will be any more layoffs. Wardell and Unzicker said at the previous earnings call that... — read more
DeVry Education Layoffs 2017
Does someone have reliable info on possible cuts and layoffs in Downers Grove.
Trump U settles lawsuit!
So, the Divider-in-Chief elect has settled the lawsuit against his fraudulent university for $25 million, with the stipulation that he admits no wrongdoing. He has said he wants to start it back up! With his desire to dismantle the Dept. of Ed. and... — read more
Devry gets free advertising in the Washington Post? But how free was it?
Looks like Devry got some great advertising in the Washington Post. Also noticed that Chamberlain was also advertising on WaPO online... — read more
CATO Event about for-profit colleges on this morning
CATO event in a few minutes to discuss whether schools like Devry were unfairly persecuted by ED and the Obama administration. https://www.cato.org/events/profit-colleges-awful-or-abused
DOS
another one bites the dust!!!!!
What will a Trump presidency mean for for-profit schools?
Anybody have any idea what is going to happen?
DeVry Quarter Earnings
investors.devryeducationgroup.com/Mobile/file.aspx?IID=4183694&FID=36501616
Next Devry earnings call may be brutal
The Devry earnings call was expected to be some time between October 20-24. This will be brutal, even if no one asks any tough questions--because every word is transcribed. My guess is that Devry will need more time to "work" the books. But creative... — read more
What the Dept. Of Ed settlement requires from DeVry. The other lawsuit (FTC) is still ongoing.
www.ed.gov/news/press-releases/us-department-education-reaches-settlement-devry-university-over-job-placement-claims
DeVry agreement reached. Must set aside 10% of Title IV disbursement annually.
investors.devryeducationgroup.com/Mobile/file.aspx?IID=4183694&FID=36236175
Email from wardel today
Wondering what the email from Lisa was really about today ........
DeVry University's new value proposition
Rob Paul introduces DeVry University's new value proposition - watch it here: https://vimeo.com/180956363/92c35eb375
A question that seems to sum up everything we're witnessing
One of our professors asked a question that seems to sum up everything we're witnessing in all departments, and explains a big part of what's going wrong. He said, "Why does it always feel like caring for students is going against the company?" He's... — read more
ITT Announces It Is Closing It's Doors
http://money.cnn.com/2016/09/06/pf/college/itt-shuts-down/index.html?sr=fbCNN090616itt-shuts-down0100PMStoryLink&linkId=28428608