Thread regarding DeVry Inc. layoffs

The final nail in DeVry's coffin

According to this study, "Public sector students outperform for-profit students on nearly every measure, suggesting that the overwhelming majority of for-profit students would be better off attending a public institution. But what if attending a public community college is not an option? Our results suggest that many for-profit students would be better off not attending college at all. On average, for-profit certificate students do not generate enough earnings gains to offset the debt they incur....

We find that the earnings gains of for-profit students are substantially lower than the gains for similar students in the public sector. For-profit students are 1.5 percentage points less likely to be employed after leaving their program; if they do find work, their earnings are about 11 percent lower than those of public students."

https://www.brookings.edu/blog/brown-center-chalkboard/2018/02/09/gainfully-employed-new-evidence-on-the-earnings-employment-and-debt-of-for-profit-certificate-students/

by
| 2661 views | | 21 replies (last March 22, 2018) | Reply
Post ID: @OP+RIH2xwI

21 replies (most recent on top)

ATGE....i meant, sorry typo

by
| | Reply
Post ID: @Bhxy+RIH2xwI

So i want to make something clear about selling shares. DeVry alone dosent have shares....ADT has those shares. so these high level individuals selling off millions in shares are affecting ADT, DV has no shares...we are not the parent company

by
| | Reply
Post ID: @Bdzo+RIH2xwI

Looks to me like those insider sellers left $5 per share (so far) on the table. The Street evidently feels ATGE has a bright future ahead, post DV. Or, at least, so say the buyers.

by
| | Reply
Post ID: @ziep+RIH2xwI

Devry should not be allowed to have any govt loans...if Devry really believes in the student, it can arrange a contract for the student to make payments to Devry after graduation...problem solved. They might then more carefully control who gets to enroll.

by
| | Reply
Post ID: @yvcn+RIH2xwI

I've been working for DeVry for 8 years now. And this is my conclusion about our student population. Now this depends on your location...

DeVry University is a "last resort" for Undergrad students. Student's have scores below 800 from there SAT or they have never taken Real college testing. Our version of the Entrance Exam is nothing like the Public and Private not-profit schools!

Do you know "military students" love DeVry....3 letters, BAH! Most students using the VA benefit, are terrible and barley passing general education courses. VA students are aware of DeVry conditions of academic issues, so most ( not all) - play with the DeVry system. I cant stand, how VA students play with our school and then blames us....

Its VA students taking out loans and requesting them as advance refunds. Then they have it stuck in there heads....they are not going to pay on those borrowed funding!!!! Thats killing DeVry -you VA Housing Bandits!!!!

This is never an issue at state school, because VA students are not at the level to attend!! (Some are able too, but I'm speaking from my 8 years and my experiences)

If you notice, there's a pattern with some VA students....multiple schools? OK, I'm 30 years old and I have been at 5 schools!!! i wonder why, it's a VA student again, playing with the system again!

by
| | Reply
Post ID: @xaev+RIH2xwI

"When DJ, director of human resources, Dl, president of Carrington, and the presidents of DeVry and Chamberlain sell shares, you get the impresssion that DeVry is not long for this world."

Since DK brought DH...the only thing DeVry management did effectively is to acquire devry stock and then sell it! Period! The company went south but the all top manager wealth headed north!

by
| | Reply
Post ID: @pgcc+RIH2xwI

Shows your utter lack of knowledge. The auto dialer doesn’t just automatically call students and pop them into your ear piece. It auto cycles a record in a que that you do still have to outreach and actually trigger the call yourself. You can chose to call it or decline. If you hate your job so much leave. People like you make it miserable for anyone that wants to try to make things better.

by
| | Reply
Post ID: @jppe+RIH2xwI

Wow you are so not an advisor. First, they use an auto dialer. Second, most students live in major metro areas. Third, congrats! You helped thousands get into major debt they cannot repay.

by
| | Reply
Post ID: @glqb+RIH2xwI

....Do we blame the schools for not knowing how to distinguish who is ready,

ENROLLING STUDENTS WHO ARE SLEEPING UNDER A BRIDGE AND CAN BARELY WRITE "HELLO KITTY" SHOULD BE A GOOD INDICATOR.

You have no idea what you are talking about.. this is a ridiculous accusation. First of all, students have to take a placement exam and approximately 6-12% of students that take them fail to even gain acceptance. Secondly, if it weren't for us little admissions advisors busting our assess many of you would have lost your jobs long ago, but yet we continue to dial the phone til our fingers hurt because those of us that actually talk to students and CARE about them and get to know them can see the value DeVry brings to that person who doesn't have the opportunity to go to "regular 4-year college" or lives no one near a community college.

by
| | Reply
Post ID: @fcum+RIH2xwI

This board has been quiet. Calm before the storm???

by
| | Reply
Post ID: @9kex+RIH2xwI

When DJ, director of human resources, Dl, president of Carrington, and the presidents of DeVry and Chamberlain sell shares, you get the impresssion that DeVry is not long for this world.

by
| | Reply
Post ID: @4lrq+RIH2xwI

How about simply saying no more govt loans at all for for-profit schools?? They didn't use to have them....If the school wants to enroll the students, they certainly can arrange a legal payback agreement between themselves and the students. They'd probably focus on enrolling more reliable students & not someone who happened to be staggering by aftera trip to the liquor store.

by
| | Reply
Post ID: @4jlq+RIH2xwI

http://investors.adtalem.com/ownership.aspx?iid=4183694

Quite a few interesting sellers.

by
| | Reply
Post ID: @3aun+RIH2xwI

Just heard that Ron Taylor sold DeVry stock and made 52 million.

by
| | Reply
Post ID: @3dgj+RIH2xwI

Tomorrow is my last lecture

by
| | Reply
Post ID: @3eut+RIH2xwI

These are exactly the points:

  1. Schools have a moral and citizenship duty to distinguish who is ready for college level work and admit only those who can demonstrate the capability for succeeding,

  2. Students have a duty to be financially literate and responsible, and

  3. The US government has a duty to eliminate perverse incentives, e.g. overgenerous student loans with little or no accountability for academic success (https://www.cga.ct.gov/2006/rpt/2006-R-0121.htm).

The violation of these duties is chronicled in the following book, which is just as true for Devry as it is for UoP.

https://www.amazon.com/Mission-Forsaken-University-Phoenix-Affair/dp/096696831X

by
| | Reply
Post ID: @2uzb+RIH2xwI

The for-profit sector begins as traditional schools began to realize they couldn't cope with remediating adult learners and as their reputations began to be affected. The for-profit sector became an answer to many seeking education, better jobs, and economies for their families. It evolved, however, into a predatory system--in which predatory institutions admitted anyone with breath in them, and as predatory students sought government funding as part of their impoverished financial plan.

The dictum to "persist" students was wholly untenable and amounted to little more than "make the course achievable" (easier) and pass substandard work--some teachers trying to help, but ending up giving students their ideas, finding their research for them, and making allowance after allowance for students incapable of achieving academic goals.

But, the for-profit issue is merely the tip of a complex iceberg--K-12 is wholly broken. I now teach in a traditional, wonderful little college. My students' general abilities--to write, think critically, cope with college-level (academic-scholarly) readings, think outside of the box, communicate persuasively--are also wanting, though not so egregiously as the adult learner with job, family, often a first-generation college attendee, pressured on every side, impoverished, often emotionally troubled, often with a learning deficit, lacking basic skill and competency, thrust into an online course and expected to succeed in 8 weeks putting in what time remains (too little) late at night or on the weekend. How can anyone call such an experience anything but a tortuous failure? Even those who get through often remain unskilled, unable to communicate, not job-worthy, as or nearly illiterate/innumerate as when they entered.

by
| | Reply
Post ID: @2wfv+RIH2xwI

@RIH2xwI-2oge F--- yeah. Read the post below over and over DeVry employees. It's the base of the problem, and don't believe the smoke N mirror routine from corporate. They need to be shut down.

by
| | Reply
Post ID: @2dpv+RIH2xwI

....Corporate partnerships, military benefits, or other non-title IV sources can heavily offset the ridiculous tuition rates at many for profit schools.

YOUR ARE AN IDIOT--ARE YOU SAYING THE GOVT SHOULD FOOR THE BILL FOR RIDICULOUS RIPOFFS?

....Do we blame the schools for not knowing how to distinguish who is ready,

ENROLLING STUDENTS WHO ARE SLEEPING UNDER A BRIDGE AND CAN BARELY WRITE "HELLO KITTY" SHOULD BE A GOOD INDICATOR.

by
| | Reply
Post ID: @2oge+RIH2xwI

The post does bring up a valid point. But what these articles/blogs seldom fully address is the population of students that can’t attend state schools but would in fact benefit from the degree from a for profit university. Corporate partnerships, military benefits, or other non-title IV sources can heavily offset the ridiculous tuition rates at many for profit schools.

For lots of people these schools have worked. However the study clearly indicates that for more people they have not worked at all.

For profit schools don’t discern between the students who need and are ready for higher education + can’t attend traditional, and the students who are far better off without college. Do we blame the schools for not knowing how to distinguish who is ready, or the students for not knowing or sometimes even caring where their financial aid is used, or society or the government for allowing this all to continue?

And though I personally predict nothing but doom for DeVry University, for profit education will be here as long as the all mighty dollar. So I think the title of ‘nail in the coffin’ is not true. DeVry’s coffin already had several nails in it, plus more coming over the next year. And the other for profit schools will continue to rebrand ad nauseum. This isn’t the first data collected/presented against for profit education, nor will it be the last.

I start thinking about the flaws in US education overall, and what our society puts its resources and attention to. What do I know though, I worked at DeVry.

by
| | Reply
Post ID: @2eao+RIH2xwI

This is not really surprising. I have spoken to potential nontraditional students who have chosen to stick with the public schools because of the negative view of places like DeVry and even Chamberlain. Our schools just aren't worth the cost. Why go here when they can attend well-known and respected schools for lower tuition? Our company is profiting itself out of business.

by
| | Reply
Post ID: @gmo+RIH2xwI

Post a reply

: