Rob Paul introduces DeVry University's new value proposition - watch it here: />
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If they went back to technical training, basic training for entry level jobs they might have a chance. I don't think they will allocate enough resources to actually do a good job with this though. All the eggs are in the Chamberlain basket, but even that isn't going to last forever. I just want to see what's going to happen with the FTC.
Interesting that there does seem to be a "new" development in education. Some students are foregoing expensive universities and selecting career-based training. An example I recently saw is a coding school that claims 91% placement at a salary of $77k. Not a degree, but training in coding only for 6 months intensively. I chuckled when I saw one student say they didn't have to take courses unrelated to coding, as you would at a university. That's basically what DeVry Tech was in the past - a trade school that got students out in a short time and employers snapped them up. Wouldn't that be ironic if this catches on.
In order to avoid risky loans that students couldn't pay back, one proposal was to hold the loan back from the school until the student actually found work in the field after graduation.
DeVry is grasping at straws. The organization does not have the management skills needed to sustain its current student base much less take on additional students. Executive management has demonstrated complete incompetence, and has condemned the company to slow extinction. They will squander whatever capital is left and will eventually close because they do not grasp the fundamentals of the business. The shredding of the company's resources has eliminated its resilience.
But it was just a couple months ago that the big xET teach-out was announced. Former ITT students are going to have a tough time getting those programs unless they're lucky enough to live near a campus that is keeping them. Unless DeVry decides to back-pedal on the teach-out, but I don't see that happening now that they've terminated nearly all the faculty from the engineering programs. I'm sure there will be a grab to get ITT students, but I don't foresee it ending well for anyone.
The proposition comes in the wake for ITT's demise. Devry surely wants to pick up the market that ITT has controlled before.
I too find this to be a surprising turn of events, after years of neglecting the tech programs. Unless maybe he isn't talking about the degree programs. Maybe he's talking about the VCC or something. Could this be the start of a sales pitch to make it look it like DVU still has some value in order to sell it off? As always, we can only guess and speculate on what they really have in mind.
DeVry Tech?? I just died laughing inside and shook my head. So glad I'm out of that place.
If we are traveling back in time, maybe DeForest Training School is a better name. Too many people have heard of DeVry in a somewhat negative way.
Going back to the roots might have worked if they could actually keep up with technology. With it changing so fast though it will be nearly impossible to keep classes up to date.
But management classes don'the seem to be working. This place isn't unique anymore and it's overpriced. Most state schools can offer online courses now at cheaper rates.
I think Devry's days are numbered unless they have a different rabbit to pull out of their hat.
Didn't work out so great for ITT Tech. Not sure I would want to take their place in the market. Also, wasn't it called DeVry Institute of Technology (DeVry Tech) like 20 years ago? Good luck.