Thread regarding DeVry Inc. layoffs

How Long Can DeVry Ed Group Survive?

I'm a former employee of DEG, having worked there for a long time. Someone told me about this site and I was depressed to see how all the DEG employees have to live with the stress of going to work in a place that has been described.

Here's my OPINION.

DeVry's and Keller's enrollment has been declining for around 5 years, probably for several reasons. 1) Regulatory pressure on for-profit schools, 2) Over-priced tuition, 3) Losing focus on the cash cows (DeVry Institutes and Keller) to grow through poor acquisitions such as Carrington, Ross, AUC, etc., 4) Sacrificing quality in favor of increasing enrollments.

In hindsight I think it's obvious that DeVry should have remained a privately own college. This would have kept them out of the regulatory spotlight and they could have grown organically. Now they are viewed as one of the 'evil for-profit' schools and a self-fulfilling prophecy is occurring. A bad reputation and poor quality is leading to lower enrollments - lower enrollments forces executives to cut staff, which leads to poorer quality and a worsening reputation. DeVry is in a tailspin and it will be hard to move forward for more serious damage occurs.

I think DeVry has a 50/50 chance of pulling out of the nose dive, but will most likely take 10-15 years and they will be a much, much smaller organization. It could happen quicker if they spin-off/sell all the various schools to private owners who are focused on putting out a QUALITY product and a lower price. No more admitting students who can't read or write. There are schools who can help students like this, but DeVry is not one of those schools. I'm talking about starting out any ground zero again and absolutely focusing on Engineering & Computer Science related fields (al least for DeVry). The same can be said for the other spin-offs divisions - focus on QUALITY by recruiting capable students who have at least a chance of succeeding. Forget starting students every 8 weeks. This was a stupid idea that was tried and has not worked, except to complicate scheduling of classes.

When I first started working at DeVry I thought I was really making a difference in students' lives. By the time I left I was so happy to get out of there. Reading all the comments I can see a lot of employees feel the same.

I wish all of you the best as you pursue your options.

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| 1312 views | | 1 reply (July 25, 2016) | Reply
Post ID: @OP+IygSzOu

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@HeeHee, seems like a good analysis. However, it looks like Devry's troubles go back further, to the 1990s. Often after an IPO, things change for the worse.

https://en.wikipedia.org/wiki/DeVry_University

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Post ID: @hkp+IygSzOu

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