From SY to the Higher Education Inquirer: *I am very interested in reviewing South's 2022 IRS 990 when it is made public. The $20M operating surplus doesn't seem plausible. Response: You will be able to confirm that my statements are accurate once... — read more 

SY, I am very interested in reviewing South's 2022 IRS 990 when it is made public. The $20M operating surplus doesn't seem plausible. Thank you for acknowledging South's relationship with JobsFlag and the problem with robocalls. The graduation rate... — read more 

The answers I’ve supplied to your questions below are on-the-record. I know South has a long history, and some valuable programs, such as degrees in pharmacy. Response: Thank you for acknowledging that South has valuable programs. In addition... — read more 

I am the Chancellor & CEO of South University and understand you are working on a story and would like factual information regarding our history. I hope that this information which I am providing you on-the-record is helpful and allows you to better... — read more 

Is this possible? If so, how was South able to make such a turnaround?

Here's the problem to solve: $193M in revenues $26M in Accounts Receivable $22M in Property and Equipment $80M in Employee Compensation $31M in Advertising ($22M to Studio Enterprise) $15M in Rent Guess which gets sold, or cut? ... — read more 

https://www.classaction.org/media/lacon-v-education-principle-foundation-et-al.pdf

"South University's online programs' 9th Annual Giving Tree Toy Drive is organized by the volunteer organization called South Cares, an employee-driven community outreach team made up of 250 dedicated staff members committed to supporting struggling... — read more 

...why South University, based out of Savannah, Georgia, would take out a federally guaranteed $50M Main Street Loan from a bank in Martinsville, Virginia? And has anyone wondered why South University owed EPF $44M? ... — read more 

Looks like another round of layoffs for south university. Chancellor's meeting tomorrow to update on a possible school closure.

South University will have a new $7.5 million payment to make in 2023. So how do they cut $7.5 million from South's budget? https://www.highereducationinquirer.org/2021/12/the-colbeck-scandal.html

"In furtherance of its oversight responsibilities, Federal Student Aid (“FSA”) issues this bulletin to solicit information from knowledgeable sources about potential violations of the Higher Education Act and its implementing regulations. FSA has... — read more 

Sounds like Colbeck is trying to pawn off South, but who would buy it? The company is underwater, has few real assets, and it has enormous debts.

$7.6 million Main Street loan payment in 2023 and 2024 $36 million payment in 2025... https://projects.propublica.org/nonprofits/display_audit/24951020211 https://www.highereducationinquirer.org/2021/12/the-colbeck-scandal.html

"I have been going to South University for a year after having to start here when Independence University closed. My experience started from subpar and has gradually just become horrible. There is nothing personal about any of the classes and the... — read more 

Stratford University is trying to send students your way... https://www.thelayoff.com/stratford-university

Revenues from Federal Student Loans: $159.7 million Revenues from Pell Grants: $30.1 million Total Assets: $83.5 million (much in unrecoverable student debt) Total Liabilities: $93.1 million Employee compensation: $80.3 million Advertising costs:... — read more 

The Sweet v Cardona group helps consumers get debt relief after they have been misled. Please pass this on to all the people you hurt. It may assuage your subconscious guilt. https://www.facebook.com/groups/801761750635952/about/

Could someone tell that id--t to get off of his high and mighty mountain?

https://www.linkedin.com/posts/dahn-shaulis_whos-watching-higher-eds-watchdogs-realcleareducation-activity-6955449648903782400-j7tF?utm_source=linkedin_share&utm_medium=android_app

JS and his lead dog took the money and ran.

None of the VCs or Deans bothered to show up to graduation. We get it, no one cares about the students, only the money. But this is ridiculous.

No raises for over 8 years but time and resources are being allocated to a mascot…. Tone deaf leadership continues…

Doesn't sound good. https://www.glassdoor.com/Reviews/South-University-Reviews-E110488.htm?sort.sortType=OR&sort.ascending=true&filter.iso3Language=eng

I am hearing the name Singletary. Who is that? New Chancellor????

...has broken us and I do not think we can be put back together.

So many "administrators" have resigned from this sinking ship. The DOE needs to do something quick before the school ruins the lives of remaining students. How can this be happening?

South and Education Principal Foundation not supporting of faculty or staff. With 40 plus layoffs before TG. Happy holidays! Could they be setting up for a sell off?

Really? https://www.theladders.com/jobs/southuniversity-jobs

Judging by the most recent available tax forms, South University looks dead, fueled only by government funds and the pain of student debtors. https://projects.propublica.org/nonprofits/organizations/815128459

State of Delaware and Federal too?

"Despite being implicated in what Variety called a "Ponzi scheme" only three years earlier, Colbeck Capital's shell non-profit was able to get approval from the US Department of Education to acquire the schools." https://www.thelayoff.com/t/1eaktNIC — read more 

https://www.thelayoff.com/t/1e49HZXL

"So what’s the end game with these failing schools, and what is the federal government doing to oversee the money the Trump Administration spent on these schools? More importantly, what’s happening to the students and those who will have to pay back... — read more 

An accurate video depiction of what South University is paying Studio Enterprise $20 million a year for? https://studioenterprise.com/

How many people at South University and the Art Institutes know about their parent company, the Colbeck Foundation (aka Education Principle Foundation-EPF): that this obscure "non-profit" is related to a NYC investment firm, Colbeck Capital? ... — read more 

What's the end game on this line of thinking? "The students know the school is a scam and they are only signing up for the student loan stipend checks. Everyone who works there is fully aware of this as... — read more 

In 2019, South University had $77 million in assets and $92 million in liabilities, losing $6,054,000 in value. https://projects.propublica.org/nonprofits/display_audit/24951020201

What's left of South University?