"So when Corinthian advertises on its website, www.mycareercounts.org/outcomes, “In 2012, over 69 percent of our 38,721 graduates found careers in their field of study,” this really meant that 69 percent of Corinthian graduates found a job that... — read more 

"In September 2011, Corinthian’s CEO distributed a presentation to his executive team, describing efforts by Corinthian to meet the requirements of the 90/10 rule by instituting “above market price increases to create ‘funding gaps.’” By increasing... — read more 

"On August 20, 2014, Corinthian sold virtually all of the Genesis loan notes that it owned, totaling approximately 170,000 loans with a face value of $505 million, to a third-party company for $19 million."

http://files.consumerfinance.gov/f/201409_cfpb_notice-for-current-and-former-corinthian-students.pdf

From yesterday, "My name is Chris Staiti, and I'm a writer/editor for Bloomberg News who follows Corinthian. If anyone (students, employees, ex-employees) would like to talk or share, please contact me at cstaiti@bloomberg.net."

http://consumerist.com/2014/09/16/feds-sue-corinthian-colleges-for-allegedly-predatory-loan-scheme/

We're getting close to the $5M market capitalization critical point.

http://money.msn.com/business-news/article.aspx?feed=OBR&date=20140916&id=17937453 WASHINGTON, Sept 16 (Reuters) - The U.S. consumer finance watchdog on Tuesday sued Corinthian Colleges for alleged predatory lending, saying that the for-profit... — read more 

I don't come here often. There isn't a post that doesn't have some rude, insensitive comment. I get we are in a highly emotional situation, but pushing everyone off the board by being mean seems counter productive. At any rate, Like many other... — read more 

It probably won't be at current salaries. Even if it sells, they could still fail. So many students have left. If it is ECMC, they have to build a college from scratch from the ruins of CCI. I think it's not smart to hang your hats on nothing. A sale... — read more 

Someone told me they were talking to someone in IT at Heald, and the Heald guy said they had been told that the Heald sale had been confirmed to them and that they celebrated with Champagne. Doesn't sound credible that they would be told ahead of the... — read more 

I've been trying to wrap my head around the ECMC rumors, and until recently had assumed that if they were involved, they were probably just purchasing some of our old debt at pennies on the dollar. Looking over their website, though, they seem to be... — read more 

Like others who've tried to share info and have been bullied and called names, I'm out. You jerks are on your own. No wonder nobody comes here anymore. Figure it out for yourselves. Sorry you're mean bullies. I'm sorry for you. NOT!

I started a new job in July, and was just assigned the task of getting documentation of tomorrow's Constitution Day activities for our records. Apparently, any school that does not have special activities planned for September 17th is no longer... — read more 

I am done teaching after this term...tired of the BS. Should I do the "right" thing and let them know ahead of time before they assign classes? Or should I just wait till after I turn in final grades to tell them? Of course, we may not even have... — read more 

Sure I see that there are five Fridays next month, with three paydays, but at the end of the year am I making more money?

Is Jack and the key execs taking responsibility? They tell everyone to take a week of or 50% pay cut. Hurts us. Cut deep at the wrong time of the month. Their 3 check reasoning doesn't even calculate right. It is not a genuine 3 check month. Its no... — read more 

So how do I do this? Maybe I'll just send an email to start the two week notice. Good bye Heald!

It's actually in our best interest not to speculate.

Specify location, position and salary level. Admissions Representative, the Bay Area, $48K

Spend time with your family, read a good book, watch some TV. Take your mind off work because very few know what is going on. I was privy to some information on Friday that made me a bit upset and I know for a FACT that the sale isn't happening in 2... — read more 

Wow! I always thought that stuff was crap.

You can eat some of Randy's Schweatti Balls

...must participate in a reenactment of the "more gruel" scene from Oliver Twist, in which Fitzgerald will play the role of the headmaster and Jack will grovel. Simply diabolical!

F*** You

All we can do is either wait for our fate or create our own. The choice is yours. For me, the only positive of a campus sale could possibly offer a sigh of relief. I don't want to be in a situation that can only offer a sigh of relief. So instead... — read more 

End of day 1, I would call it even. And still no useful information.

At least someone has our backs for those of us going down with the ship.

I overheard someone saying that Jack Massimino has not drawn a salary since Last June. I heard other Execs were doing something similar.

Do the math Jack M owns 755,324 shares of stock. At 14 cents a share that is 105,745.36 Current value. One year ago stock was at 2.50 a share so his stock would have been worth 1,888,883. That is a loss of 1,133,559 in one year! haha no wonder he... — read more 

and asked them how they, in all good conscience, could still work for CCI and not inform their students of the company's demise. Their answer was that although they felt "conflicted" they needed the money. No one can feel sorry for you when you have... — read more 

...finding other jobs in the education industry?

According to the reps I spoke with, many former Everest students are enrolling and attending at the competition. The sad thing, at least from my perspective, is that these reps are likely being told what a great job they are doing enrolling so many... — read more 

Layoffs and firings to be able to meet paroll on Oct 17th. That is when the cadflow goes negative with out deep cuts.

There are various reasons I expect that we will never see the 10-K.

,.

Dear newspaper editor: There’s no real story here. Everest is collapsing due to false promises on a poor degree, bad admissions and pressuring instructors to pass people through. The recent requirement for instructors to start making “admissions”... — read more