Plenty of cash, or a leveraged buyout to do the purchase
16 replies (most recent on top)
Total BS. I know for two reasons: (1) I left CCi for Devry corporate and work around a lot of execs, I would have heard something (2) CCi's reputation with Devry is far from stellar. They know that most of the reputable staff are gone (sorry those of you still there), and there aren't any other assets to make a deal worthwhile at any price. The OP is just trolling. You guys are going down! Sorry for the schadenfreude, but you really, really need to get out if you're one of the employable ones (I think there are a few still left).
impossible, they cannot manage a kindergarden class, not to mention a company much bigger than they are
Not happening.
Announcement coming in two weeks
Why would Devry want or need these garbage schools? They already have campuses where CCi does...if any of you believe this one I got some great farmland in southern Florida to sell ya!
RE: Anonymous49166
Amen!
Very well put...not that I am defending CCi one bit, but the reality is for any of us who have worked in Higher Education (Personally I have for 17+ years both in for-profit and not-for-profit) have witnessed the numerous pathetic excuses of human beings manipulate and work the system just to get a refund check. How many times have you heard these alleged victims, I mean students inquire "where's my check?"
Nope
Not happening.
Shhh this is the current scapegoat for the national budget. Next will be something else and the vigilante pawns will eat that up too.
People who blame colleges for their lot in life are the same people who wanted to blame the banks for their mortgages. NO ONE MAKES YOU GET AN EDUCATION. NO ONE MAKES YOU BUY A HOUSE. THERE ARE NO GUARANTEES THAT YOUR INVESTMENT WILL BE EVERYTHING YOU THOUGHT THAT IT WOULD BE. Buying a house - oh my god - there's interest on that loan? Oh my god - there's maintenance required to keep its value? Oh my god - real estate values may go down and I have no control? Oh my god - I may not get a job with my degree because of economic conditions? Oh my god - my degree may not be enough, as my personality skills are crap? Oh my god, I have to work to get a job, and work to keep one? People always want to blame their lack of effort and failure to succeed on someone. It used to be the banks, now its the colleges. Next, people will blame their gas on McDonald's and sue for being forced to eat there by predatory commercials. People are responsible for their own lives and will never succeed if they keep blaming others. End of story.
Devry is heading along the same path as Corinthian Colleges, Education Management, and ITT Tech and it does not look at all like it will turn around ethically. I suggest that those with courage begin documenting unethical advertising, recruiting, and teaching administration at Devry, Chamberlain, and Ross. Also, consider organizing for fairness for students and employees. Even if Devry is anti-union, it will have to address problems if you come in large enough numbers.
Op-ed by staff attorney Whitney Barkley...... "At the 2014 State of the Union address, Sabrina Simone Jenkins, a resident of Charleston, South Carolina, was seated in the First Lady’s box. She was not highlighted in the speech, nor the face of a major policy point, but her presence at the year’s most important political speech deserves attention. Her story is shared by too many American students. Jenkins is a single mother with a sixteen-year-old daughter, working at the Charleston County Housing Authority. With two degrees, including a Master’s in Human Resource Management, Ms. Jenkins should be well on her way to the middle class(1). But Ms. Jenkins earned her Bachelor’s and Master’s degrees from one of the nation’s for-profit college behemoths. The “exorbitant tuition, aggressive recruiting practices, abysmal student outcomes, taxpayer dollars spent on marketing and pocketed as profit, and regulatory evasion and manipulation” of this industry were the subject of a scathing 2012 report from a Senate Committee led by committee chairman Senator Tom Harkin(2). Ms. Jenkins has close to $100,000 in student loan debt from her Bachelor’s and Master’s degrees, an amount that is not atypical for a graduate of a for-profit school. DeVry doesn’t have a campus in South Carolina, so students must get their degree online – paying up to $88,000 for a Bachelor’s degree alone. It’s little wonder that Jenkins student loan burden is almost four times higher than the average South Carolina college graduate. For the state of South Carolina, that debt is astronomically high. According to Project on Student Debt, the average South Carolinian graduates with $27,416 in student loans(3). The for-profit college industry recruits students like Ms. Jenkins by convincing them that their high tuition prices are worth it, and that they offer flexibility and access other schools don’t. And they spend a lot of taxpayer dollars doing it. In 2009, DeVry University, the source of Ms. Jenkins’ degrees, took 80.9% of its revenues from federal taxpayers, and a vast amount-–almost $523 million--went to marketing and executive salaries, according to the Harkin report." ..............http://www.mscenterforjustice.org/our-work/consumer-protection/profit-colleges
They'll bring their people in and change the culture, admission process, etc. That's how's businesses do it.
Not a chance. DeVry would not stoop to the level of our students. I've worked there. It's a whole different ballgame.
It makes a lot sense. DeVry is an excellent position to buy, and immediately improve the image of Everest, Wyotech, and Heald.
I heard the same thing at DeVry