Tuition is going to be a flat $410 for many reasons. But what matters as a result of revenue loss by cutting layoffs will occur in late January. The Gainful Employment tutorial will show you why. Once again they are informing you but in an indirect slimy way. Those a---holes. Get ready!!!
15 replies (most recent on top)
Sorry, but anyone who speaks poorly of the Phoenix is not hurting the reputation of the Phoenix....the Phoenix did that ALLLLL by itself. Years of short term, enrollment only thinking turned a good company into a smoking crater of waste. But, hey, who in their right mind DIDNT think a business model entirely dependent on 10% perpetual growth would fall apart???
To-"you idiot", You're right, you are an idiot- your spin is false. Also the tuition reduction is "too little, too late". Tuition at this school should be much lower than athe lowest price CC for the little value derived-in my opinion.
To the person talking about 2-3 bachelor degrees, DOE has a rule about multiple bachelor degrees being paid for by FA. There are aggregate limits on loans and lifetime limits on Pell. You also don't get Pell if you can swindle the DOE or have enough money left to get another bachelors degree. Everyone else...please do your research, UOP is at 79 of the 90. UOP will lower tuition because they have to, depending on what the per credit cost ends up (nowhere has $410 per credit been thrown around), it is a smart move to remain relevant and a viable business. If you work here you should not call you leaders names, it makes you look bad and makes our company look bad. That means that when you no longer work here you are giving your prior place of employment that you are putting on your resume look bad. Think about it!
Unfortunately it seems that students with that $30k loan and then earning a $10 hr wage will often keep going to a for profit school. They will continue to escape the immediate pay-back problem by going for a 2nd, or 3rd Bachelors degree, then 1 or 2 Masters degrees, and build up to $120+k loans, ever still getting a low wage job. It's a hamster wheel that the for profit schools have created, due to their lack of barrier to entry, for those individuals who really should not been in college in the first place. It's all very similar to sub-prime home loans. All the while top execs rake in big bucks and the tax payer is left holding the bag.
Explain how a student can repay $30,000 in loans on a best buy $10 (assuming they can even get full time, which is a BIG if) an hour salary and do so without being late, while also not getting massive extensions and multiple deferments...in addition to paying for things such as rent, food, gas, utilities, and every other expense. This should be a hoot.
Ed cares more that the loans are repaid. At 410 per credit more people can repay even if they only land a job at Best Buy. Weve been past 90/10 rule for years. Ask a finance rep to look over their chart of New Students/Tasks and count how many are NOT using financial aid and you will see their is only a handful. 90/10 rule important but Ed getting their money back more important.
ED cares. And they are the ONLY ones that matter.
You think UOP isnt over the 90/10 rule already? Then your dumb. Lowering tuition allows students to get that entry level job at walmart and still repay the loan making UOP less liable. Noone cares about the 90/10 rule. Ask enrollment to tell you how many students are NOT using financial aid...uhm what is it 1 in 20 or 1 in 30. We have been way over 90/10 decades ago. No one cares about 90/10 rule..no one
Cutting the tuition would only allow 90-10 to get worse. The infrastructure of the Phoenix is not designed to be anything other than title iv. Lowering the tuition only allows no out of pocket costs for the 94% of all the Phoenix students, whom are 100% dependent on title IV. Do the math. Those put of pockets equal the "10".
Understand gainful employment and you will know why tuition is being cut. Don't let them try to convince you that Crapelli and Ragoop and those criminals are doing it out of the kindness of their heart. They have to reduce tuition!!
How do we know tuition will be cut?. A honest question. Why would tuition be cut?
The resource fee will be increased yet again to make up for the tuition shortfall. 90/10 will be maintained. The deal will go through because the university will still hit one of its primary goals. The Apollo and UOP execs will make millions and most of you will still be out of work.
Mathematically impossible to do and be in compliance with 90-10. The sale to private equity is the only chance UOP, as an institution, has. It current employees have no such chance.
Yay, excited for the severance. It's what many have been waiting for.
Wow I wonder how many jobs that will cost?