It looks more and more likely that the ECMC deal will be "unwound". The congress is getting on DOE's back and basically saying or at least A LARGE NUMBER saying "Let's write CCI off and forgive the loans". ECMC has already told DOE that this is a "Take it or leave it" offer and if DOE imposes ANY conditions then "the deal is off".
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034: Your representation of ECMC's position may well be true......but how do you know? Been in the room during negotiations?
@55924 "better student protections". Well that is the problem. ECME won't budge on better student protections and already has told BOTH CCI and members of Congress "This is a take it or leave it deal. Start imposing any conditions on this deal and we walk away from it".
The deal is likely to get unwound because more and more in Congress are willing to write off the CCI student loan debt.
This thread has no cred.
There is NO WAY you will get a Re-pubic-klans lead House and Senate to approve of discharging MILLIONS of dollars in student loans for any company or school. That would be political suicide. I don't blame them either.....they will not stop the sale.
No truth to this. There are 13 out of 100 senators that are scrutinizing the deal. The scrutiny is focused on ensuring better student protections moving forward. Ed is sold on this ... deal will close.
We find out soon enough. AND I mean real soon likely within a week to a month.
So where did you get this from? My guess is you made it up.
The only one I know of were the orginal owners of Heald
Aw, come on, Jack. Have a little faith!
OK, if you know that the ECMC deal is take it or leave it, you should know the names of players that walked away from a deal with CCi. Show your credibility by naming 2 of those organizations.