Does anyone know if we can file for unemployment benefits if we don't get paid on Friday?
"Since January, the Department has sent Corinthian five letters requesting data and other documentation required by law."
"The U.S. Department of Education’s Federal Student Aid (FSA) office places higher education institutions on heightened financial oversight for a variety of reasons. The Department has requested data from Corinthian multiple times in the last five... — read more
As of March 31: Total current bills (liabilities) = $362,275,000
Total cash = $28,033,000, and total current assets = $196,509,000. So CCi needs to pay $362 Million in bills (current liabilities) with $197 Million in total current assets, including the $28 Million in cash. How is this going to work, even if there... — read more
How has Jack MasterOfDisaster managed to keep his job the past few years?
It's beyond belief. That's what should be investigated.
Wait a minute, I thought CCI was voted #1 workplace in the OC?
Who exactly took part in this survey? And it wasn't just for one year.
CSC Employee
I'm all about the handcuffs for these greedy f***s, their admins and those who are ordered to be unethical!
What percentage of total expenses is labor? 21 days is simply not enough.
So let's say that every CCi employee works for free for the 21 day period, what about all the suppliers? Will they be working for 21 days for free too? If not, then the employees are going to have to work for free longer. If the labor cost is 1/3 of... — read more
Ignore the Line of Lawyers behind the Curtain
The all powerful Obama must have been behind the 2007 settlement - when CA sued and agreed to a $6.5 million settlement that reimbursed students. No doubt Obama instigated the investigations in ... is it 20 states now? How many AGs are suing? Obama... — read more
Buy Out
Seriously, with all the legal talent, why can't they buy our way out of this? That's been our go to solution for years? Why don't the execs pony up some of their riches for a bailout? Such bullshit
Let's all vote for regulation...
To all you idiots that voted for Obama, you’re now reaping what you have sown. With Tom Harkin (D, IA) and Dick Durbin (another Illinois Dem) leading the charge for regulation, gainful employment and the like. Between the two, they intend to... — read more
How would a "Teach=out" affect Everest Online employees What departments would stay?
If there is a teach out You would not need admissions just Continuing FA, Academics and Student Services. Plus support like Tutoring . Is that how it would work?
I can't hide this great testimony that take place in my life I will love everyone to know it and be partaker that is why I always place it on an
Good day. I can't hide this great testimony that take place in my life I will love everyone to know it and be partaker that is why I always place it on answer, I am Mrs,Natalie Cuttaia by name, I live in Texas, United State Of America, I want to... — read more
Time to clean house
Time for ALL of the ELT to graciously step down! They are the reason we are in this situation! Have some dignity, some compassion for the real workers! Greed is how we got here! I'm calling in Molly Maids! That 4th floor needs to be disinfected!... — read more
Call for Action
This whole "I'll gladly pay you Tuesday for a Hamburger today" crap that CCI is asking of their employees is ridiculous and deplorable. These are just hard working, dedicated American workers trying to survive. They can't jet off to...well... — read more
HUSH HUSH TO STUDENTS
So it is in all of the major newspapers, all over the internet and even some students know. But when a student asks if the school is in trouble, we, (teachers) are told not to say anything or send to the chair or president. So there you... — read more
fun analogy
If you teach for CCI, you know this scenario: You've got an awful student. They come to class an hour late, on the few occasions they actually attend. They never do homework and spend every class on their phone ignoring you. Whenever you attempt to... — read more
Handcuffs and Padlocks
Wouldn't that be something to see BW and BB taken out in cuffs? LMAO hey an employee can dream right?
I don't expect CCi to get any funds until July 7 at the soonest.
Three weeks from June 12 is July 3. If the transfer was made at exactly three weeks, CCi probably wouldn't see the money until Monday, July 7 because of the Holiday, and this is the minimum. There are going to be some sad baby daddies when there is... — read more
Jack needs to sail to Braavos and have a sit down with the folks at the Iron Bank. Or better yet,
Change his last name to Lannister and tell the CCI employees that "It is ok, a Lannister always pays their debs."
CCI probably files for BK in a matter of days.
CCI will probably file BK in a matter of days. The only way to orderly get out of business as an educational institution is to go BK otherwise you have LOTS of requirements to "shut down" or teach out a school. CCI is looking at some major legal... — read more
Heald employees told on Friday that they might not get paid.
Heald employees were told on Friday that they might not get paid until Mid July assuming the school remains open.
Title IV funds
Forgive my ignorance, but isn't Title IV funds for students, NOT to pay the payroll of employees or outstanding debt? No wonder Federal Funds are so f***ed up!
Petition at Change.org
Okay, so I KNOW I am inviting a metric ton of snark by posting this, but for anyone who would NOT take pleasure in seeing Corinthian implode in the coming days for whatever reason (for me, that reason is my students), here it is:... — read more
When you dick around regulators and ignore their repeated requests, don't expect a last second reprieve.
What is really sad is that the executives have had to have known for months the game was up. Yet, did nothing to prepare their employees, who also should have known the future of CCI was finite and short term. Jack and his crew simply milked every... — read more
December 18 Durbin letter
http://www.durbin.senate.gov/public/index.cfm/files/serve/?File_id=7c4d641a-8bfe-4dc1-ab2e-113443ffb6f3
Am I ever relieved! Problem fixed. I'm sure I'll have a classroom full of students on Tuesday.
No need to worry now, since there are no other problems. Classrooms will be full right away. Certainly there is no worry about another layoff. That would never happen.
"Don't worry, there will be paychecks on Friday."
CCi has always been such a strong business, and management has never lied about anything. Never mind the size of their eyes.
New Year Picnic
Are they canceling the company picnic? Donated gift baskets from vendor who have not been paid for us to bid on when we aren't getting paid sounds like a great way to spend an afternoon! Cori and Minions hard at work for your pleasure...and please... — read more
So.....when is it going to happen?
Does anyone have any idea when this will happen? A realistic idea? Tuesday? Wednesday? I am not planning on having a paycheck on Friday, but would like to know what's going to happen to my students and provide them with some answers and support.
The REAL worry soon to be ex-CCI employees will have is explaining their role in a business that
Defrauded the federal government, falsified documents, destroyed documents, manipulated government programs and destroyed billions in shareholder wealth. Good luck.
The government and you
Civil law violation: Failure to comply with government requests and disclosures: Result: shut down a growing concern, punish 10,000 employees, and 72,000 students without forgiving student debt. (CCi) Criminal law violation: Delete email messages... — read more
Have some respect for yourselves and understand that ALL of your last paychecks you received last payroll date are the LAST you will see
From CCI. They have no money to pay you. The ED put the hammer down and the banks told them to F off. I can't believe people are still whining about this..it is done, move on.
Don't worry folks, sometime in the next few weeks after working for free you will have the privilege of showing up to find a note on the campus
door written in crayon on one of the diplomas which reads good luck fleebs - Sincerely - Jack!
21 days - FOR FREE - you have got to be kidding me!
No pay after the 21 day wait - they did the survey monkey asking (directors and above) if you would work June 23 - July 12 without compensation - they didn't say that in 21 days they were going to retro pay - in fact our RVPO said they were NOT going... — read more