It is time for change with ECMC. Hopefully the first thing they do is to change the culture that currently prevails. Step one of that is to remove the Divisional $180K+, Regional $150K+, and Campus Presidents $130K+. They need to hire a P&L person to... — read more
Frying pan to the fire
“ECMC has no experience running a college, let alone one of this scale, and is instead known for ruthless and abusive student loan operations,” Lauren Asher, president of The Institute for College Access & Success, an advocacy group, said in a... — read more
ECMC and Corinthian Colleges
Wells Fargo Bank helped destroy Corinthian Colleges (COCO), especially the Heald and Wyotech brands. It has damaged the lives of so many students who are in debt peonage. Rather than prosecuting criminals at Wells Fargo or COCO, or providing relief... — read more
fed up with the sweat shop ways of cci
Please if consider the following changes ECMC Step 1. Replace all management from the top /down to the chair level make them apply for their jobs and let the instructors interview them or vote for who we want to lead us. our years of experience have... — read more
So now what ?
Does CCI file BK and go away ? There is nothing left to continue on with correct?
They sold Socle too? Hell, yeah!!
Here's the gist of what I've been hearing from our Socle brothers and sisters the last few months: "Socle is totally unrelated to CCi and the lawsuits and Department of Education actions do not affect us! In fact, we had no paycuts or furloughs and... — read more
Keeping the school names? Are they nuts?!?
Okay, so this is still rumor/speculation at this point, but we are hearing (Tampa) that ECMC don't plan on changing our school names. I thought I heard that these people are from California, so how can they not know about at least Everest's... — read more
Estimate for when the major changes happen (ie SHTF)
I've been in a past situation where one career college chain was purchased by another, but in that case the purchaser was much larger and established in the industry. At first everyone was told "we're not making any changes, you do what you do best... — read more
Call center?
What happens to the CSC in denver and California?
Camden Kid, where you been?
What? You got a hang over today from that shitty weed you've been smokin in your moms basement? Where's your negativity today? I cannot believe you haven't posted today. C'mon I know you have some words of wisdom about ECMC and what a terrible... — read more
Re- adjustment on salaries.
Pay increases will be offered to boost up sales and morale. I hear it will be any where from 1.5%-4% depending.
Salary
Will I get to keep my 73k admissions salary ecmc?
CCi purchased Heald for about $400M--what is it worth today?
Fine investment!
Keep talking busters........
Boy, we certainly have some keyboard ninjas on here posting like they think they know what they're talking about. It's rather sad.
Big man in charge
I'm going to need all of you to get back to work. CCI STILL NEEDS TO SQUEEZE ALL OF the Title IV fund it can out of the remaining school and we need you to help us do that. It's a collaborative effort people. That means very job is imprtant including... — read more
Heald to shut down
Heald is shutting down probably early next year and likely without a teach out. ALL of that (nonsense) about Heald being sold is just that NONSENSE. A minimum of 2 and more likely 6 potential purchasers have WALKED AWAY because of the potential... — read more
Finally, We can all exhale!
Sounds good. ECMC can bring it on. Everest is running out of gas.
What will the new name be for the schools acquired by ECMC?
OK - I'll start. 1. Zenith College(Zenith Education is the name of the new ECMC education division). 2. Jack Massimino Memorial School of Hard Knocks. 3. Title IV University 4. Lazerus College (2 bonus points for biblical reference.....).
CJ AS degree will be taught out as soon as sale closes.
Good bye to the CJ AS degree.
Get ready....
I thought they wouldn't start this until the beginning of December but they're moving right along...they might just move on to phase two before Thanksgiving. Don't go too crazy with the xmas spending, folks, you might desperately need that money come... — read more
More of the same - get ready for the ride
As a student loan guaranty agency, ECMC is largely known for collecting student debt on behalf of the federal government and has been accused by critics in the past of using harsh tactics.
ANOTHER TWO WEEKS. HURR HURR HURR.
Am I being a negative troll right? I'm not sure. I'm unable to spend all of my time on here, so my technique is flawed.
$24M less $12M paid to ED = $12M less $8M placed in an indemnification escrow account = $4M.
This is so close to zero that bankruptcy is not much worse.
Thank you ECMC
Good news for the higher education sector
ECMC Group has announced it will acquire 56 Everest and WyoTech campuses from for-profit operator Corinthian Colleges Inc.,
Dive Brief: ECMC Group has announced it will acquire 56 Everest and WyoTech campuses from for-profit operator Corinthian Colleges Inc., turning them into nonprofits. According to ECMC, Corinthian would have had to close the schools, which enroll... — read more
Where does EUO fit in?
Anyone in TPA or COS have info on the fate of Everest Online?
Hey Board Hijacker...
You seem to know what you are taking about. Any info you could share about the sale of Heald as you get it would be appreciated,
Let's start of pool for the date of BK filing ?
Shouldn't be long now......
Corinthians loss is Socle'so gain.
Now you see why the Execs were favoring Socle. They sold 56 schools for a measly 20 plus million and they will now service the schools with Socle Education. On top of that Socle Education can be free of Title IV dependency. Not a fan of Socle or the... — read more
Sorry about the CA schools. Didn't know anything about that and was told a rumor.
My apologies but my source didn't even know. But I was spot on for the rest going back to August if you care to check. As for Socle it is part of the deal even though it is not mentioned. ECMC is trying to figure where to place it in their structure... — read more
California schools were not sold because of the lawsuit.
https://www.insidehighered.com/news/2014/11/19/guaranty-agency-buys-most-crumbling-profit-corinthian-colleges-us
Locusts on the move!
Looks like Carmella and her brood will be migrating over the that company. That's how they work. Work for 1 company, F it up, move to another, f it up, move to another, They are like the locusts!
The ECMC announcement.
http://www.valleynewslive.com/story/27437562/ecmc-group-announces-acquisition-plans-to-take-56-corinthian-college-campuses-nonprofit
Here is the list of schools that ECMC bought.
http://ecmc.org/Group/acquired-school-list.PDF