"Corinthian will continue new student enrollments in the ordinary course from the date hereof until execution of the Operating Agreement, at which time Corinthian shall promptly (and in no event more than one week after execution of the Operating Agreement) discontinue enrollments in any schools designated as teach-out schools (the “Teach-out Schools”). From the date hereof until the execution of the Operating Agreement, Corinthian shall not draw Title IV funds for new students. Following execution of the Operating Agreement, Corinthian shall provide prompt notice to all students attending the Teach-out Schools of the intent to teach out those schools. With respect to new students who have enrolled between the date hereof and the execution of the Operating Agreement, Corinthian shall provide such new students with the opportunity to either (i) discontinue their education at Teach-out School, and Corinthian shall forgive entirely any tuition or other fees charged during the period, or (ii) the students shall be free to continue their education in the ordinary course."
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At our school start is this week. Its a wrap after Thursday.
That would be like any other day...CLICK!!!!
Assuming the Agreement will be signed on July 1st or July 2nd, CCi only has less than 1.5 week to enroll as many students as possible to draw funds from Title IV. This is going to get interesting. Admission, my heart goes out to you when you make your calls and hear people hang up on you after you whisper "Heald...Everest..Wyotech...CCi"