I am sure I am not the only one who feels this way and I have read these threads the past 6 weeks or so and I just feel it needs to addressed so let me begin. I am sure many students have valid complaints about being misled “after” they became a student at most of the EDMC affiliated schools (I am leaving off Argosy University since I believe for the most part they along with South University are the best EDMC schools). However, as a RIF former employee I have no love for EDMC but to pin everything bad on EDMC is misplaced anger and not at all accurate. Most of my former co-workers were well educated with many holding a master’s degree if not higher. Presently I am pursuing my Doctorate degree along with a few former co-workers.
When I signed on the dotted line to receive financial aid I was made fully aware of my financial obligations with loan debt, career/job placement for my degree, no one forced me or hoodwinked me into anything. So for some unhappy former students to “troll” this website and say they plan to tell the world about EDMC and the affiliated schools and how awful they are then they first need to look in the mirror. Before I started any of my education programs I did my due diligence which included: cost, length of program, degree format, job placement, etc. just to name a few…I knew what I was getting into and I signed for the financial aid I was given.
Now is EDMC predatory---YES!!! But also the real estate housing market was as well a few years ago handing out mortgages to people who were not qualified and should not have bought a home. The old rule is still true, if you don’t have 20% down payment you are not ready to buy a home. Conversely, if you have poor high school scores most likely you are not college material. I say “so what” you got had, it stings, it feels bad, but at what point did you not do your “due diligence”?? Was it after you found out your campus was not regionally accredited? Was it after year 2 when you kept failing and repeating classes? Or was it after you dropped out and started getting and bill for what YOU SIGNED ON THE DOTTED LINE!!!!
I certainly see EDMC in its current form breaking up and poor performing schools across all brands closing. Fair warning to those employees who are left this restructure is the final rally before the bell sounds. The longer you stay there the more damage to your career will happen, for profit model is not looked upon well in academia so step up your job searching and leave. Those who are laid off its rough now but if you have to work a few part time jobs, collect unemployment, severance, etc. you are the lucky one and won’t get your “Xmas surprise layoff” and you will find better. If nothing else EDMC has enabled you to have gotten great experience and now you know what not to do.