Looks like Todd S. Nelson has done the work he came here for: dismembering Career Education and making it "profitable." After leaving Apollo Group (in scandal), EDMC (in finacial ruin) , where will he go after Career Education? I had thought he might... — read more
CTU Most Hated College Among Military Vets
In proportion to the number of military veterans it enrolls, Colorado Technical Institute online may be the most hated of colleges. The school only enrolls about 5000 student vets, but it has received 58 complaints from the GI Feedback... — read more
Severance package?
I am a financial aid advisor andmay be getting layed off from CEC , I am a bit nervous that I won't be able to make ends meet. Has anyone been offered a severance package? Anyone knows how they calculate it? Any info would be helpful.
Did Richard Blum Completely Divest From Career Education Corporation?
Did Richard Blum completely bail out of Career Education? Blum (Blum Capital Partners) also used to be an "activist" investor in ITT Tech (ESI). He is a California Regent and husband of California Senator Dianne Feinstein.
CECO Makes a Profit
Looks like Career Education has stopped the bleeding.....................................http://finance.yahoo.com/news/career-education-posts-4q-profit-214732323.html
Colorado Tech Gets Lots of Complaints From Vets
In proportion to its enrollment, Colorado Tech gets the most number of complaints from veterans........................https://www.linkedin.com/pulse/veterans-most-hated-us-colleges-dahn-shaulis?trk=mp-author-card
Cordon Bleu Students May Be Able To Get Debt Relief Through Defense to Repayment
Students and former students of CECO schools planning to close may be able to get debt relief by filing a "defense of repayment." The application can be found on the Debt Collective... — read more
David Halperin's Expose Now Free Online
David Halperin's ebook on predatory #4profit colleges is finally free online.................. http://www.republicreport.org/wp-content/uploads/2016/01/D-Halperin-Stealing-Americas-Future-ebook.pdf
Todd S. Nelson Blames US Government For Cordon Bleu Failure
Todd S. Nelson, the man who ruined University of Phoenix and EDMC (Art Institutes) is blaming the US government for the demise of Cordon... — read more
Cordon Bleu Left Unsold and Closing
Sounds like Cordon Bleu is history......................... http://www.marketwatch.com/story/career-education-to-wind-down-le-cordon-bleu-operations-2015-12-16?siteid=yhoof2
Briarcliffe College Closing
"Bethpage-based Briarcliffe College will close its two campuses and lay off all 294 employees by the end of 2018, according to school emails and a notice filed with the state Labor Department. The decision comes after the college’s Illinois-based... — read more
Working at Career Education Corporation
What are your thoughts about working at Career Education Corporation?
FTC investigating CECO
Looks like Todd S. Nelson gets to step right into the frying pan. The FTC is investigating CECO for fraud, and two more lawfirms are looking into shareholder lawsuits... — read more
Todd S. Nelson, For-Profit Zombie Colleges' Biggest Criminal Takes the Helm
Todd S. Nelson is the new President and CEO of Career Education? Are they kidding? This must be a... — read more
CEC Rendition Program
Well this week is the last week for many career school support staff. It's interesting that there has been no new org chart sent out or an email of who is leaving and who is staying. I guess it is on a need to know basis and many of the remaining... — read more
Townhall Waste of Time
Well listening to Ron McCrsy stammer his way through the his presentation could only be surpassed by asinine questions from corporate dweebs. The one brilliant question was "Wouldn't it better if you just immediately shut down all the Sanford-Brown... — read more
Career Education and the For-Profit Zombie College Crash
Career Education Corporation continues to slide toward zombie status, if anyone still cares........... https://www.linkedin.com/pulse/for-profit-zombie-college-crash-dahn-shaulis-5980844737412763648
More Losses and Cost Cutting at CECO
Lower enrollments. Less revenue. More losses. Costs include more legal fees and lease buy outs. More transitions to online education. Continuing to work on dumping Cordon... — read more
Interim CEO Ronald D. McCray Gets $1.5 Million Base
Ronald D. McCray gets $1.5 million this year to steer the Titanic............http://biz.yahoo.com/e/150226/ceco8-k.html
What happens if CECO Students "Can't Pay, Won't Pay" Student Loan Debts?
The Corinthian 15 have gotten lots of media attention recently for refusing to pay off their student loans. These students have also linked up with a larger social movement, Strike Debt. Could this happen to Career Education... — read more
Steffy Gets $2.5 Million Golden Parachute
CEO Scott W. Steffy gets to quit with a $2.5 Million golden parachute............http://biz.yahoo.com/e/150212/ceco8-k.html
Richard Blum Cutting Interest in CECO
Richard C. Blum, a California Regent and Dianne Feinstein's husband has been reducing his interest in Career Education Corporation (CECO). This news, along with the possible sale of Le Cordon Bleu is not a good sign for CECO workers... — read more
Why isn't anyone talking?
Why has the Career Education layoff site gotten so little traffic? The layoff sites for Corinthian Colleges (COCO)and Education Management Corporation (EDMC)are heavily used. You cannot say CECO is dramatically different than COCO or EDMC. It appears... — read more
Obama Proposes Free Community College
As ABC News says, it's more of a "political pipe dream." But more progressive states can do this.....http://abcnews.go.com/Politics/wireStory/obama-proposes-publicly-funded-community-college-28105522
CECO trying to sell Cordon Bleu
"The owner of the Le Cordon Bleu culinary colleges plans to sell its 16 campuses across the country including the metro Atlanta location in Tucker. Le Cordon Bleu’s parent company, Career Education Corporation, announced plans to sell the... — read more
Alix Partners Awarded for Downsizing CECO
"AlixPartners, the global business-advisory firm, and Career Education Corporation (NASDAQ: CECO), a provider of postsecondary education programs and services, announced today that they received the Turnaround Management Association's Midwest... — read more
Whistleblowers Expose Career Education's Predatory Practices
"I speak with people, for example, who work at boiler room call centers for for-profit colleges and the lead generation companies that provide the industry with many of its students. Recently I've been learning more about one particularly offensive... — read more
How is CECO able to survive?
Looking at the CECO balance sheet and the direction CECO is going in terms of earnings, how long can the corporation survive? And why haven't there been more layoffs and campus... — read more
The Real Reason CECO is Failing
http://www.salon.com/2013/06/09/young_black_and_buried_in_debt_how_for_profit_colleges_prey_on_african_american_ambition/....Exposes the corrupt nature of CECO and how it preys upon people of color. This piece highlights Sanford-Brown.
This industry is doomed! Used to work for these guys, current admissions in another model...same shit!
http://www.nytimes.com/2014/07/03/upshot/corinthian-colleges-is-closing-its-students-may-be-better-off-as-a-result.html?_r=1
Ricard Blum and CECO
Information on CECO investor Richard Blum...http://www.dailycensored.com/more-on-for-profit-college-sludge-and-richard-blum-who-funds-the-brookings-institute/
If Blum Gets Pressured to Pull Out, Career Education Could Be Next
Corinthian Colleges is on the ropes and there are several others who are also facing collapse, including CECO. If billionaire Richard Blum (Blum Capital and CA Board of Regents) and his wife CA Senator Dianne Feinstein get called out on their... — read more
What do you guys think about ITT?
Got a job offer (enrollment) over there, do you think it's better? Less stress? Likely to survive changes in the industry? More integrity? I've been with Corinthian for about 3 years now, it was a negative experience overall (some of my peers are... — read more
CEC Layoffs 2014
I left in 2012, I was an instructor. I wanted to see if you are still going through layoffs. Good luck everyone, you will need it.
Prepare for More Layoffs
More bad news, losing money, prepare for more downsizing....http://www.fool.com/investing/general/2014/06/05/after-a-big-tumble-is-career-education-a-buyor-jus.aspx
CEC Exposed at Huffington Post
"Mike DiGiacomo, an Army veteran whose story I told in an e-book I published earlier this year, Stealing America's Future,(2) was deceived and abused and was left more than $85,000 in debt by two of the largest for-profit college companies, Education... — read more
CEC Whistleblower: CEC Schools Defrauded US Government
http://www.courthousenews.com/2014/05/19/67988.htm....A slew of profit-seeking colleges, including Career Education Corp. and Sanford Brown, defrauded the government of student loans, a former CEC employee claims; click headline to see the defendants... — read more