"National American University, a for-profit college chain based in South Dakota, last year began shifting its focus to online education after several years of declining enrollment. But the company's winding down of its physical locations has taken... — read more 

On May 10, 2019, Dlorah, Inc., a South Dakota corporation (“Dlorah”) and a wholly owned subsidiary of National American University Holdings, Inc., a Delaware corporation (the “Company”), entered into a Loan Agreement (the “Loan Agreement”) with... — read more 

So what is NAUH doing with its $800K loan payment due this week?

https://www.insidehighered.com/news/2019/04/26/national-american-university-latest-profit-chain-face-financial-turmoil "National American enrolled a total of nearly 10,000 students just four years ago. But that enrollment has dropped to about a third... — read more 

https://www.educationdive.com/news/as-national-american-u-faces-possible-closure-ed-dept-tightens-oversight/552830/

Filing available here: https://seekingalpha.com/filing/4445114 On March 8, 2019, the Company received a letter from the Department of Education, in which it determined that NAU did not meet its financial responsibility standards for institutions that... — read more 

I was posting on RallyPoint about an NBC News investigation about for-profit colleges, and guess what appeared on the right side? An ad for Henley Putnam, a division of National American University... — read more 

"The National American University, Delaware USA, during its recently concluded convocation ceremony held at the Raheja Classique Club in Mumbai honoured eminent personalities from various fields with Honorary Doctorates for their profound 'dedication... — read more 

From a Campus Director: "This company has changed so much in the last 5 years it isn’t even recognizable anymore. Top Administrative Leadership speak a good game but don’t walk the talk. Very few employees receive an annual 3% cost of living increase... — read more 

"After filing this Post-Effective Amendment No. 1, and upon the effectiveness of the Company’s Form 25 on April 10, 2019 that was filed with the SEC on January 10, 2019, the Company intends to file a Form 15 to notify the SEC of the suspension of the... — read more 

I have been providing information to NAU workers for years even as the company faces a financial collapse. Some workers, former workers, and students have been willing to speak off the record, but almost no one has posted anything, good or bad about... — read more 

New Board Member, Michael J. Hillyard. https://seekingalpha.com/pr/17452741-national-american-university-holdings-inc-announces-appointment-dr-michael-hillyard-board

Student veterans impacted by closings should use the GI Bill Feedback tool. The GI Bill link is at https://www.benefits.va.gov/GIBILL/Feedback.asp

"Students from Rapid City and across the country will no longer be able to take traditional, classroom-based classes at National American University, according to the school's president."... — read more 

At this point, I am wondering if National American University is misusing government funds. Any accountants here? Have you been following the Dream Center collapse and calls for an investigation? National American University Holdings, Inc... — read more 

For the good of servicemembers, student veterans and their families, tell Veterans Education Success what you know. https://vetsedsuccess.org/contact/whistleblowers/

T. Rowe Price finally divesting from NAUH. https://fintel.io/so/us/nauh

Who would possibly jump into this dumpster fire? https://finance.yahoo.com/news/national-american-university-holdings-inc-130000334.html

Net tangible assets as of 11-30-2019 are -32K. The question now is can someone else come in and salvage the online operation? https://finance.yahoo.com/quote/NAUH/balance-sheet?p=NAUH

Is everyone getting paid?

Doesn't NAUH even have a backup for their CFO? https://www.sec.gov/Archives/edgar/data/1399855/000165495419000681/nauh_8k.htm

National American University cannot be profitable. It's too underwater to survive. It's doubtful that they can even make their loan payment to Black Hills Community Bank this May. That's why the CFO bailed. What are workers being told?

For the six months ended November 30, 2018, cash used in operating activities was $3.9 million and unrestricted cash and cash equivalents decreased by $4.8 million from May 31, 2018. As a result, as of November 30, 2018, the Company had $0.5 million... — read more 

(1) Sold to a non-profit like EDMC-Dream Center (2) With federal assistance, sold to a non-profit like Corinthian Colleges-ECMC/Zenith) (3) Sold for $1 to a public institution like Kaplan-Purdue (4) Teachouts and students go to partner institutions... — read more 

Can anyone tell me the other schools that NAUH services? "The company also supported online instruction of another roughly 3,735 students at partner institutions that use NAU online course hosting and tech support."... — read more 

"While the head of the Higher Learning Commission, Barbara Gellman-Danley, is in DC, working to "reform" higher education, one of her member schools, National American University, is in deep financial trouble."... — read more 

NAUH does a lot to recruit servicemembers and veterans. It would be a great service to those who have served if you could tell them what is happening inside NAUH. VES will make every effort to ensure your confidentiality and anonymity... — read more 

NAUH has filed another NT 10-Q for failing to make a timely report. How bad can it be? Has the Black Hills Community bank been informed? Are students aware that most of the campuses will have to close?... — read more 

Are National American University students and staff being told about campus closings? The Higher Learning Commission recommends that teachouts give 12-18 months warning so that students can transfer with fewer problems. If you have any information... — read more 

Do you think Black Hills Community Bank knows how bad the financial situation is at NAUH? Looks like they have a stellar record, but they are a small bank. https://www.depositaccounts.com/banks/black-hills-community-bank-na.html

"Hundreds of smaller campuses on the verge of failure are likely to close in 2019. For example, National American University is likely to close more than 20 campuses in 2019."... — read more 

These trends, and the looming debt payments starting in July, suggest that NAU won't make it more than a few months. Miracles are possible, but... Net Tangible Assets August 2018 $11,206K May 2018 $16,369K May 2017 $29,956K May 2016 $40,429K May 2015... — read more 

Looks like NAU may be joining Corinthian Colleges, ITT Tech, Education Management, and Education Corporation of America. https://www.sec.gov/Archives/edgar/data/1399855/000165495418014383/nauh_8k.htm

NAUH shares sold for 22 cents today. The move to 25 cents is just a dead cat bounce. It's amazing that anyone is buying shares. What does this have to do with education? That's what happens when college is nothing more than a short-term investment.

I have seen these scenarios play out before with publicly traded colleges, with different outcomes: Corinthian Colleges "COCO" (Everest College and Wyotech) was bailed out by the feds and student loan servicer ECMC. All the schools eventually closed... — read more 

https://rapidcityjournal.com/news/local/education/nau-cuts-programs-plans-layoffs/article_b95da15a-a0ca-5e4a-ac42-ffc6d5f666ca.html

The share price of NAUH went all the way up to $1.70 before going down a little later. This seems way to much for a "dead cat bounce." What's the rumor that would drive the price up so high? https://www.nasdaq.com/symbol/nauh

National American University Holdings, Inc. (NAUH) (the “Company”) (NASDAQ: NAUH), which through its wholly owned subsidiary operates National American University, a regionally accredited, proprietary, multi-location institution of higher learning... — read more 

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard: Transfer of Listing On September 28, 2018, National American University Holdings, Inc. (“we,” “our,” “us,” “NAUH,” or the “Company”) received written notice... — read more 

Harrison College and the Indiana head of higher ed are directing Harrison College students to NAU. https://www.thelayoff.com/harrison-college