Thread regarding Education Management Corporation layoffs

why would you think few would get payback of loans..? If school closes forgiveness is one of the benefits of it.. Anyone with a huge balance needs to lobby for this..I hope UoP goes soon too then i am getting my discharge asap

To those who are being optimistic about EDMC not closing, I say...GROW UP!!! You're like scared little children, too frightened to open the closet to see if there really is a monster. You are shaking at the possibility that EDMC won't make it past 2017 because you posses no real life skills, aside from being an unscrupulous swindler! EDMC will sink! The signs are there. The $0.01 stock is there. The low enrollment is there. Campus closings are there. Slow and painful death awaits it!

Exactly my point. If our experience is any indication, I think the student populations may be even lower than the numbers just mentioned. Once the count drops to a safe level, it's OK to close the campus.

All this takes time.

Chicago only has about 900 students and Pittsburg has around 700. I would not consider that "big".

Pittsburgh is a "big campus."

Is your "big campus" Chicago?

South University is a babysitting service for well-intended vets. These poor people have no idea regarding what is about to hit them. The administration is a "Christian" President that graduated with a BA in Theater from UM (seriously, check it out) and a Dean that has a PH.D. in Criminal Justice over the internet! NOT an educator in the entire campus.

Actually, I suspect those "big" AI campuses may not be as big as you think. Two contacts of mine at two different AI schools tell me they uncovered paperwork confirming that student numbers are far below what top level admins are claiming. That jives with what I'm seeing on my campus. Sadly, EDMC has a long, documented history of lying and cooking the books.

As for national or regional accreditation, my "big school" has one more year before the examiners come back for an audit. If an audit were held today, my "big school" would fail dramatically.

I don't think the top brass at EDMC cares.

EDMC is in the middle of shutting down its various divisions. The only reason more AI's haven't been shuttered is because they haven't gotten around to it yet.

I also think the closure of ITT was never meant to be fair. It was a shot across the bow, warning EDMC to get a move on.

So, as much as many of us may want to see EDMC shut down tomorrow, it won't. The grinding process of closure will take a while. Just be patient.

A donation to the Clinton Foundation and you're fine.

Only at .05 cents and sinking. Best Kool-aid a fool could slurp on.

The Zombie school apocalypse is coming to an end.

Let's assault the leeches on society!

I agree...EDMC will survive all the dribble. The comments on here are smoke and mirrors. The only issue will be ....does KKR want to stay the course and invest in the Art Institutes. BM, Argosy and South are gone or going. Closure of EDMC seems like a pipe dream. Tens of thousands of students would be left in the lurch will few getting any payback on loans. A slow shutdown seems more likely if ever. If you think closing a couple smaller campuses that should never have been opened to begin with makes people crazy....try 30 big campuses with a thousand or more students per campus. What would the FEDs do? ITT is a terrible comparison, their CEO ignored the DOE warnings and the schools became diploma mills. AIs are nationally or regionally accredited and reviewed by state boards. Those bodies would have to approve any changes in status per school in each state.

Students cannot bring a class action due to binding arbitration. Second the company just settled a billion dollar lawsuit and are prescribing to the parameters set by AG. If anything the Feds would want to point at EDMC as a for profit success story when places like ITT are screaming unfair.

I'm in... Attack all ZOMBIE COLLEGES!