You have to stop the bleeding before you can rebuild. Many will lose their jobs before it levels off. No one is buying a company that's losing money to continue down the same path. Major restructuring will take place over the first year starting with a reduction in force.
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The fact that these colleges will be non-profit will also help to lull the students into a false sense of thinking that the schools care about their success while they rape their student loan money all in the name of Jesus.
So what will really change other than hands?
The Art Institute of Pittsburgh and Philadelphia are not part of the sale at this point. All other schools (not in teach out) are. The teach out schools will remain under EDMC until they graduate or transfer the last students. AIPitt and AIPhil have not met the requirements for Middle States accreditation in time for the sale. They have been given more time to submit additional details on the sale and transition to Dream Center Education Foundation. Those remaining campuses are expected to be added to the sale sometime in Winter or early 2018. The DOE has given it's blessing. The campuses that had ACICS actually benefited by this because ACICS has also been given extra time to resolve their issues by the DOE an additional 18 months so ACICS schools can continue to operate fully until end of 2018 and look for different accreditation. The bulk of the EDMC colleges will officially be a part of the Dream Center Education Foundation on Monday Oct. 2, will be nonprofit and fully accredited. EDMC will no longer have any input or control after October 2. What Dream Center Foundation will do is uncertain. More then likely no much for the next 6 months to a year as they review campuses programs and enrollments. No matter what happens the fact that these colleges will be nonprofit will have a huge impact on capital, tuition and the ability of the campuses to grow. EDMC drained the life out of the schools at the hands of its boards and investors- that death grip is finally over.
...and speaking of bad press, never forget buncos that the bad blood created by EDMC down through the years will not go away by simply being sold to the ever expanding mega churches, tv concerns and maybe soon to be non-profit sham post secondary education of the Assemblies of God.
Dream on Lemmings.
How many lucky contestants?
There was a layoff on Friday at Ai Pittsburgh that of course no one will talk about because Dream Center doesn't want the bad press.
Me! Me! Choose me!!!!
Stop the bleeding?
No, there will be no stopping the bleeding.
Just like there will be no stopping of the student loan bubble bursting.
Oh, right, you're clueless about that, even though it's your own industry.
Ironic, someone in the Education industry doesn't take the time to educate themselves on their own industry they work in, but instead makes up fairy tales off the top of their head that naturally work out best for them.
Research, not magical thinking.