If you look at Corinthian statements : 1. 4 Heald Campuses were sold off for $40 million and being leased back at $3.5 million a year. 2. Everest is up for sale in San Jose, CA. 3. Everest and some Heald Colleges are no longer eligible for California... — read more 

I honestly expected a mass layoff especially after crappy results this last quarter. I guess it is a nice thing in that CCI has not wanted to pull that trigger yet and hoping to save jobs of the people that remain. So maybe there is hope.

Thank You!

For-profit schools may not receive more than 90% of their revenue from Federal Title IV grants and loans, and 10% of revenue must be from non-Federal sources. VA education benefits are not counted as federal funds by the 90/10 rule

What is 90/10 ?

Is it true that if a school doesn't meet the 90/10 requirement they will lose title IVE funds? If so I think just about every Everest school is in trouble.

You know what gets me is that they are adding programs. Here they are adding an IT program, really? You are terminating good instructors, and adding a program, what a slap in the face... Who in their right mind would sign up for a certificate program... — read more 

Quartely reports do not usually mention lay offs. The key word to listen for is "lower expenses." That means get rid of employees. Usually there have been 5 or 6 employees terminated for every one employee laid off.

I just read the Q3 report and it doesn't seem to indicate any plans of a layoff people. If they do plan to layoff don't they have to report that to investors?

A way to get around the RIF’s is to fire the employee. They have done that with pretty much all departments here. They trump up some BS, and fire you. Some of those folks had over 8 years, and simply got da boot….. At least here I am not aware of any... — read more 

No I was not upper management as stated previously. I was a regular employee that was effected by one of the RIFs. If you were fired then I understand why you didn't get anything. However if you were the victim of a reduction in force and your... — read more 

You must be upper management because all I got was a kick out the door and my own vacation time which i earned because I worked 60 hr weeks without no time off for 2 years!

Yes. Plus my vacation and sick time. And it happened in the beginning of the month so I had my insurance or quite a while before it ended. The severence amount depended on how long you have been with the company. Some people got more than a month but... — read more 

You got a month of pay?

Online is saying your ass! Mj settting back and tacking it! Dam! Mike we made you! stop f#%$ over your people! Wake up and spellit! I am Dm and Rt and ... all the other people u saw get F. Stop it! online works! I am out see you at next to Hotters!

Thank you Sunday 1:45. - Finally some gives a straight answer regarding an RIF severance. I do understand that most are questionable terminations and not lay offs.

Whoever says they didn't get a severance when there was a RIF reduction in force they are lying. I got a severance its all of your vacation and sick time plus a month of pay and your insurance is valid until the end of the month. And I wasn't in... — read more 

If you read the reports, about the only sector doing ok, is the on line division. They have been terminating employees since last year. Very few employees got raises at our facility, many were let go for BS reasons, and their termination really had... — read more 

Just a touch of clarification. To cut expenses, even at performing schools, staff may be let go. Having less do more saves money. It is a tough workload for those remaing. They will be held to a standard that needs more staff, but it is a job... — read more 

That was more the most logigal down to earth post on here. The whole sector is struggling with new enrollments. Common business sense says to cut expenditures to compensate for less income. Which means getting rid of underperforming ground schools... — read more 

There will not be any lay offs at CCI. There will be schools shut down and staff let go! They have already began the process. This is just normal practice for a company trying to produce more income. Stop with the lay off talk! If your school doesn't... — read more 

PIP's have not been used since July when the neew federal regulations went into effect. They use corrective actions for behavior and PAIP's for people who fail knowledge tests and fail customer satisfaction surveys. Most of the time severance is not... — read more 

I know of some Directors who were let go without any severance. They put you on a PIP that you cannot pass. That way they don't have to give you a dime for all your hard work ! So Wrong!

An instructor here just got laid off (fired). She got her last pay check, vacation days (not used), and that was that. I don't believe there are any severance packages for lower levels. Word here is NO! My understanding they are just for... — read more 

QUESTION: Talking about layoffs, does anyone really know if there there is a severance package? No BS just legitimate facts.

Alright is there enough evidence now for the person who posted on 5/1/12. There is soilid evidence that schools are closing down per Q3 report. No speculation! Stocks are droping like a rock after the Q3report. I don't think we made a dire prediction... — read more 

Current ATBs will continue to qualify for loans.

Well, if it is anything like the GR campus, Administration will make sure they gon't fail, nothing like a little grade manipulation..., and they can do it without anyone really realizing it. They manipulate the cells in the grade sheet. We had an... — read more 

Latest word from 3 campuses, instructor - if the student once steps into your classroom, he better not drop, disappear or fail. "Focus on the Faculty!!"

I am sure they will be closing more schools then just the 7 they previously mentioned. I hear GR, MI is adding an IT course, really? I'd say that is quite a risk, since we are pretty saturated with IT schools, some offer degrees, and there are 5-6... — read more 

Just read 3Q results. Online Division is the only positive. They are closing schools. ATB students are no more. It doesn't look good unless all ground schools become Online only. I don't see how they will survive without a mass lay off.

CCI stock at 3.04, who wants to buy? 3rd quarter results in.

The http://employerrealitycheck.blogspot.com is pretty good to. Haven't we all been there...

Hey posters check out http://20kintheholeschool.blogspot.com Seriously, alot of good advice for prospective students. Good site really. Post your experience, some good stuff so far.

Man where have yo been. The Facts are out! They are closing schools! Enrollment is at record lows. Stocks are at all time lows. What more do you need! Take your blinders off! Just tune in to Thursdays Q3 report! The facts are in the pudding!

All the crazy speculation should stop until people have soild evidence that the school will close or any other dire prediction. I know the company isn't doing well but it can and has been known to bounce back. Who says this downward turn will lead to... — read more 

3Q # come out Thursday! We should know what the future holds based on those Numbers!

I think CCI will shut down on their own. Last 4 years, classes have dropped from 25-30 students per class to 2-15, and 15. 15 if you’re lucky. That has got to tell you something. Some good information on 20k InTheHoleSchool on blogger.com

Ya and Romney is going to be better! Both of them suck but with Obama you know what your getting. Romney is a slick ass rich MF who is waiting to sell out to For profit schools. If your goal is to shut down CCI than Obama is your best bet!

4 more years of Obama and there won't be any need for education. Just long lines of those trying to get their "fair share" God please no more Obama!