No press release. No "Welcome to the team" message. Nothing from the new owners. Just seems strange.
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"wonder why faculty meetings are being held this weekend."
So, what was the result of the meetings this weekend?
wonder why faculty meetings are being held this weekend.
1qxg: where is this information available for review? If $20M is the max, and if 2019 is on trend with last year's loss of $13M, then $20M looks like teach out money...would you agree?
Bank? NO
Learn how to read; Target Net Working Capital” means $7,500,000; provided that such amount may be increased by an amount equal to the product of (a) $14,000 and (b) any Enrollment Shortfall Amount that is less than or equal to 900; provided, further, that in no event shall the Target Net Working Capital exceed $20,100,000.
The Investment Firm will receive between $7.5 million to $20 million. How far does $20 million go?
2018 1st quarter - This division incurred an operating loss (adjusted for special item) of $13.3 million compared with a loss of $6.9 million a year ago.
"Just the bank"? But they didn't actually loan DeVry any money did they? No. They got 20 million to take DeVry off Adtalem's hands. So why not just spin DeVry off into an independent company with 20 million in operating capital? If they are just the bank, they bring no operations experience. And they're not bringing any cash to the table. There's no sign of economies of scale, merging operations with Cogswell. There doesn't seem to be a business case for the arrangement.
is JB still on patrol?
Because they are silent owners basically. They are just the bank. This is best, I don’t understand why people don’t understand that.
I quit when online loaded 40 in a class--if you teach with the expectation that critical thinking will occur--forget about it. If you want to give qualitative assessments (actual review of papers, rubric, individualized commentary, voice message) it simply could not be done short of s---c-de hours. We were supposed to return grads for threads by Tuesday (forget actually commenting, finding/reporting plagiarism) and all grades by Friday. Ridiculous. Right now, I'm teaching well-skilled students enrolled in a traditional school, but electing an online course. I have 5 students and can actually give them the individualized treatment they need to have any kind of qualitative experience intellectually. What a difference it makes to my sense of professional fulfillment--something that never mattered at DVU...it was never even discussed.
I would also add that now is the time to expose the default rate manipulation. The majority of the students are not paying their loans back but are steered into a “deferred default”, ie a forebearance so the school skirts around the default rate. Management wants to hide this fact and pretend it doesn’t exist. Now is the time to expose the truth!
Everything sags when you hit 50, but especially any chance of meaningful instructor interaction other than doing damage control to preventing subprime students from getting you fired for not giving them As fast enough. Yet Ashford was at 75 students per section at one point. Look we all know what’s coming...and on that day FAIL ALL OF THEM. Fail them the way that DeVry failed us. Fail them the way that degree is going to fail to open doors for them, unless they are already open. Fail them in the name of one last parting shot at academic integrity, no matter how much they tell you what they paid for the class and why they couldn’t do the work. Don’t worry, the admins will go in and fix the grades, I’m sure. But make THEM work for a change instead of just sitting back and getting rich off subprime students and underpaid overworked faculty. Rebel, for once, in this last moment that we have as the sun sets of DVU, once a proud electronics technician training school, now, a vanishing species who chose the wrong evolutionary niche to fill. Make one last stand against that tide and choose “F” right down the line in ‘19!
approaching 50? It used to be 40 until not too long ag0.
They used to limit classes to around 27 students. Now they are approaching 50 students in an online class. Trying to cram as many students as possible with as few faculty as possible. Looks like they're trying to extract as much as they can before closing things down.
It’s a investment firm they don’t care about employee relations. Next message will be Happy New Year then campus closures.
Schools have been closing all over the country the past month. Expect significant intake of students from them. Hedge fund managers are going to run the numbers and have max students with minimum teachers.