With the installment of Peter Taylor as President we know his first priority is to stop the ship from sinking. Apparently ECMC put up another $250m for Zenith to waste in another attempt to save this mess with hopes of turning it around. Will he use it to modernize the existing campuses, use it for advertising, use it for grants or use it to teach out the remaining schools? Maybe it will be used for a combination of the above. I suspect that after the enrollment numbers come in for this next start there will be more closings announced because this will be the last chance to improve student population for the next six to nine months. Anyone taking bets on the next campuses to go into teach out?
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The word is out that Blairsville WyoTech will miss it's enrollment budget for September and will go into teach out after this start. It will completely close in nine months or less depending on how many students drop out before finishing.
Not for long.
Sweet! WyoTech is a tax write off! We can keep our jobs even if we're a bunch of losers! Sweet!
The money used for zenith can be used as a tax write off for ECMC.
SO AMAZING....millions given to WHAT or for WHAT? We haven't made budget for months. We are losing money however all goes on as if nothing is happening. No one cares at our campus including the Directors (if you can call them that). They all leave early or no one can find them. No corporation loses money month after month for it to not come back to them. I really believe that if we could draw back the curtain we would all be surprised; or would we?
ZEG has done nothing to grow the business, and wont start now. Any credible confirmation of the cash infusion? Even if it exists, it is just there to help schools limp through the inevitable teach out and closure of all campuses.