Party isn't over yet, they are going to try sell ITT tech, Corinthian was sold in the end,
Corithian was MUCH more messed up than ITT
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Even if someone would buy ITT, most of the schools would be closed and 75% of the employees would be terminated. That's what happened to us when ECMC bought Corinthian Colleges. The grass is not any greener on the other side. We here at Zenith Education are just biding our time until more Everest and WyoTech schools are closed.
I am still hoping someone will buy us, look how cheap the company is right now with all talent, processes, databases, leads, software, skill and know-how. I just hope.
No teach out phase. They are getting shut down completed. They told their staff maybe Friday with response but ACICS said, shut down Wednesday.
Pass the pipe this way...cause whatever you are smoking must be good. That party has ended...there is no way they can survive and the DOE is not giving them 6 months to find a buyer like they did CCi...they gave them 30 days to come up with a teach out plan. There is no way they can survive this...