I do not think the company at it stands today is going to make it
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When total enrollment is comprised of over 50% new enrollments (maybe more), there may just be a slight problem for buyout company.
UOP still has some 70,000 students. That is enough market size for someone to buy some of the more sizable chunks like SOB. But it does beg the question of why and who? It would have to be a similarly structured institution. I can't fathom a credible institution taking on our remedial student population. What assets do we actually have? Just students? No infrastructure or physical assets. Faculty are part-time. Certainly not anyone in management. The online platform? No, we are converting to an open system. The name? Hardly! Processes? Nothing original there.
Even if C-Level folks had motivation to right the ship there are just far too many holes to patch. She is not seaworthy and has not been for a long time. It started long before 2010. Back in the mid-90s UOP was tagged as the fast-food franchise of higher education. Reform was needed then. Management went in the opposite direction rather than make the experience more rigorous. Everything that was already dumb was dumbed-down even more. I do think the new owners are contemplating how to extricate themselves from what is clearly now a rapidly depreciating asset. I expect something within the next year.
Even going to a totally online program will not save UOP. Too much competition, the name, credibility, and price, all conspire against possible resurgence.
If I was a tenured employee, I would ride it out, collect severance when pink slipped, and all the while be looking for a new job. Why not look for another job on their dime? I am. I do wonder if there is a taint though. Are other employers (not for-profits) reluctant to higher UOP employees? Especially in higher-ed? I don't know. I hope not. Unless one is a C-Level employee, the experience is comparable and valuable, and their hands shouldn't be dirty. But could potential employers be concerned about bad habits and practices they perceive a UOP employee might have adopted? I don't know.
@RvJ1hlx-agf - they didn't buy a sinking ship. It was sinking starting in 2010 - that thing is 10,000 feet deep and they've got submarines trying to figure out how to get it to surface in one piece. Good luck, ain't going to happen.
If they can sell off parts or make money back another way, then they are smart money. In the meanwhile, until that happens, I see the value of the asset declining. So unless the smart money knows something, why hold onto a depreciating asset? Makes more sense to unload it asap to get the corresponding value of the asset at that point. Longer=less money. But I am not smart money. I am an observer.
RvJ1hlx-1oos: you are incorrect. It is quite obvious that you never took any courses or achieved a degree with the university.
if nearly everyone knows University of Phoenix degrees are fake then only the truly stupid will buy a fake degree
I think filing for BK or a fire sell off is Their only option.
It’s obvious because my enrollment manager has us pitching UOP like used car salesmen. DESPERATE is what we sound like.
You have to see it differently. If you offer fixed price tickets you can run it out for more. Then if you take the ship apart and sell it’s pieces you can make some money. Then you can sell the ships name sake so another can start a small version. Should make about 1.8 B. Perfect.
They bought a sinking ship.