keep moving that shovel, you are getting deeper
4 replies (most recent on top)
623: Is that really on topic? At our campus at least, financial aid by Socle did not include Genesis. If a student had a balance left after aid was awarded, the SF rep would walk them through the Genesis credit check/application and they would work out payment terms. Eg. if a student agreed to pay monthly per term ($0 due EOT), no credit check and no interest. Of course, the student always had the option of cash or credit card. Socle didn't award Genesis.
Some of you may recall that we brought student financial aid processing in
-house during fiscal years 2010 and 2011, which increased processing efficiency and reduced bad debt. We also created a new subsidiary Socle Education to provide student financial aid processing as well as cohort default prevention services for our schools. Socle also provides student financed services to a group of institutions outside of Corinthian and we expect that business to grow over time. During the current quarter, we’re expanding Socle’s scope of services to more fully automate financial aid processing for Corinthian Schools. This initiative is expected to eliminate duplicative financial aid processing and collections positions at the campuses and online service centers and reduce staffing. In addition to cutting cost, this change is expected to further increase efficiency, productivity and quality. Student finance planners will remain in place at the campuses and online
service centers to help counsel students regarding their financial aid alternatives, payment plans and default prevention.
Socle didn't process Genesis loans, CSC did. Are you even pretending to be an employee?