Thread regarding South University layoffs

(1) All South University campuses are under Heightened Cash Monitoring (HCM).
(2) In December 2021, South University's net position was about $-9M.
(3) In 2021, South University cut labor costs by about $7M.
(4) The 8 year graduation rate for South University online is 8 percent.
(5) According to the US Department of Education, 40 percent of people who attend South University earn more than a high school graduate.
(6) Chancellor SY has said on the record he is confident that South University will be able to pay off the $50M Main Street Loan, which includes payments in December 2023, 2024, and 2025.
(7) In 2021, South University was accused of using a predatory lead generator and robocalls to recruit and enroll students, using Yodel Technologies, JobsFlag, Double Positive Marketing, and Telesolutions/Graspy Media. The allegations stemmed from business activities in 2020.
(8) Although Studio Enterprise is hired to provide Marketing and Compliance services to South University, BN denies that Studio Enterprise was involved in this business practice.
(9) BN added that Studio Enterprise has never made a profit for its services to South University, despite payments of about $20M-$22M per year.
(10) Education Principle Foundation has been attempting to sell South University.