http://ifap.ed.gov/fsahandbook/attachments/0910FSAHbkVol2Ch11Financial.pdf
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Let's get something straight: Expression was most definitely NOT doing alright before the purchase. Was the SAE purchase the straw that broke the camel's back? Yes it definitely was. But be clear on this: Expression was doing a damn fine job of f***ing things up beyond repair well before this. See: San Jose campus...
Not surprised after the debacle and mess he made here at SAE
Interesting... Medtech had low Composite scores when Will WInkowski was there overseeing the finances. History repeats itself. Does anyone do references on people before getting hired? Deniese? Oh wait.. nevermind.
Expressions was just fine until SAE bought it. Clien Wintzen sold out and doomed the school cause she sold it to SAE. There were other bidders but she didn't do her due diligence. Expressions score was very good and well within compliance. Ilona Kreynis was trying to keep the school in compliance and now they just got rid of her too. It's so obvious what's happening I just don't understand why they are letting all this go down when it will only result in the school having to close in 2016 when the lease runs out.
So, so sad to see what once was the cutting edge college turn into a derelict building full of people in fear for their jobs. Bring back Platt, Laanen, Coan and Scanlon. They'd whip this place into shape.
You should all run read all the posts especially the ones labeled HMC2. SAE NY and MIA had unsuccessful program reviews, Miami even more brutal because the former director during their initial review from the FEDS failed to follow up from their findings and when he did it was in one phrase sentences. The Miami team during the program review where basically slaughtered as the FEDS came in holding all the cards and the MIA STAFF in the dark. Miami was placed on HMC2 and that was one of the reasons the purchase of Expressions almost fell through how they managed to pull it off is a mystery, but what is not a mystery is that now Expressions is failing, because SAE was failing. Look around ask questions who is left at these schools? EVERYONE who knew anything was wiped out. Don't hold your breaths for the likes of Jerry Rivera, been in a room with him and he is a coward.
Exactly
Who's that?
Where is Jerry Rivera in all of this? I never met a more useless FA leader. I can't believe we lost our FA leader to Jerry Rivera.
ExPression "had" a strong composite score back then 3.0 not sure where they are to date
I knew this company sucked......but didn't know it sucked this bad
You can expect SAE and Ex'pression to be placed on Financial Aid Reporting, which is just one step away from losing F.A. altogether. When it becomes a "cash only" school, it'll be just a matter of time before it's shut down or sold for pennies on the dollar. Very unattractive because whoever buys it would have to fix everything that SAE couldn't. And remember that Ex'pression's lease on its Emeryville buildings expire in 2016. We have to show our financials if we want to renew. You can expect this year to see some depressing changes. I for one am actively looking.
.2 composite score? And that was a few years ago!
Here is the link to the composite scores. The most recently published, though, is 2011-12.
https://studentaid.ed.gov/about/data-center/school/composite-scores
What is SAE's composite score? Being that we are part of a public company, this information should be disclosed to us!
Looks like the VP of Finance knew the composite scores from the year-end audits and got outta Dodge while the getting was good.
Huge mistake wading into Federal Student Aid when they didn't have a clue what they were doing. At the least, they will be eliminated from the federal programs. At the worst, the feds will prosecute those who mishandled funds.