Not approving program additions or changes, requesting documents, delaying funds, adding an internal Monitor, not recertifying locations for Title IV funds, ???, ???, ???, ...

Good news you can wear jeans to work the rest of the year! Bad news is we will layoff most of you before the end of the year, but hey wear your jeans till then.

FA counselor at UCCS in Colorado Springs. Good place to work. Requirements: Bachelors degree and 1 year fa experience. Saw it on Indeed.

"The company reached an agreement with a majority of its lenders to cut borrowings by 73 percent to $400 million, according to a statement today. In return the lenders would get a preferred equity stake convertible to common shares and warrants for... — read more 

Have you heard about the proposed class action lawsuit for failure to pay for prep time? "Law Offices of Kevin T. Barnes"? Someone might want to suggest they get a protective order to prevent "any" siphoning off of company resources.

Did I read the post correctly that states if CCI fails to pay it, it comes directly out of the following CCI FA moneys? Either way, what is the deadline for the refund? If CCI can't make payroll now, that refund is going to put us in the shitter for... — read more 

You may remember her, she spouted out about how she knew how to comply without actually reading the regulations. I wonder how her campus is doing today?

$200M in cash; $100M in credit; delayed payments to vendors (likely to the maximum); sold $75M in notes for $19M; CCi has also gone through thousands of employees, and thousands of students. What's left to burn? A building in Florida? Some Wyotech... — read more 

"Full Refund of the total direct costs of attendance incurred by such student, and, in that case, Corinthian shall (i) return to the Department any Federal Pell and other Federal grants and Federal student loan funds disbursed to such student, (ii)... — read more 

Turn out the lights, the party's over.

If your role at CCI is something other than instructor, you might think about what your skillset would allow you to do outside of education. Admissions, Account Reps and on-line Employer Developers are good candidates for sales. Career coaches can... — read more 

And when will CCi be processing the up to 160 full refunds (as defined in the operating agreement) for the Cross Lanes and Eagan students?

There IS NO CREDIT! THE ONLY MONEY COMING IN IS FROM STUDENT TUITION. And as we all know, student numbers have dropped considerably. And then there's the shitty retention rate, which employees know to be true, due to 'sub prime students.' Plus, three... — read more 

It could be crisis time now for this company.

Copied this from an earlier post today. Any confirmation/details?

You should be.

http://www.ibtimes.com/corinthian-colleges-hurting-cash-sells-student-loans-1669950

If CCI is blocked to sell loans, we cannot pay operate and maintain payroll. But to keep operating during the next six months so that it can execute these sales, Corinthian has said it would probably need more liquidity than it was provided by the... — read more 

Halperin from a year ago, "A Wells Fargo stock analyst, who boosts for-profit colleges while frequently overlooking their abuses, lays the blame for one particularly predatory college's high failure rate at the feet of low-income students, or, as he... — read more 

... — read more 

In the event of a sale, which is not looking likely, your services will still not be wanted and you will be fired. Given CCIs legal hassles and criminal probes, along with ED problems, no reputable organization will be caught dead being seriously... — read more 

We will all face more layoffs and campus closures. The longer this sale drags on, look for an announcement that ECMC pulled out from their offer or reduced the number of campuses they were interested in purchasing. COCO is broke and with the loss of... — read more 

ECMC is getting to be as bad as toner.

ECP has an all-staff meeting tomorrow at noon. "State of the College", FY15 Budget and "One College Enrollment Model" on the agenda. Wonder if any real info will be released.

"The average net price for undergraduate students is $21,068 per year. Net price is what undergraduate students pay after grants and scholarships (financial aid you don’t have to pay back) are subtracted from the institution’s cost of attendance. The... — read more 

The business transactions needs to move quickly before they change their minds.

Maybe because many of the loyal employees are long gone? Maybe because Santa Ana really does lack administrative capacity? Would you trust your Federal financial aid to Socle?

But everything's great. Losing hundreds of millions is no big deal when you have no credit and rely solely on student retention. And enrollment. Well, those 3 states not enrolling, no big deal. Losing VA money is CA. No big deal. Criminal... — read more 

Why are you all in such denial?

Is a dark path we are on!

The trades program at Everest Tampa is a train wreck that is only getting worse. Despite that they are down to just two full time instructors and an occasional sub at night, the campus leadership is still scheduling the three classes in the morning... — read more 

Has anyone confirmed if ECMC toured Everest Colorado campuses today?

It's quite simple: The auditor is required to check to make sure that there is a good probability that CCi will be a "going concern" for the next 12 months (i.e. up to June 30, 2015). Otherwise the auditor must reveal his findings. Such findings... — read more 

Today's SEC filings: http://investors.cci.edu/secfiling.cfm?filingid=1237509-14-2&CIK=1066134 and http://investors.cci.edu/secfiling.cfm?filingid=1511366-14-4&CIK=1066134