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      Yesterday, 08:10 PM   #1
FwdFtl
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Everest Colleges get SHUTDOWN

Finally.

First and foremost I apologize to anyone that graduated or is attending one of the CCi campuses. (Everest, Heald and WyoTech)





This is a victory for us taxpayers!

Interesting data from a recent study about Everest college:

1. The average cost of an associates degree from Everest is $40k

2. The average Corinthian graduate's salary is $17k, roughly $2k more than minimum wage.

3. 1 in 5 students default on their student loans.

4. Federal regulations state that you can only have a student loan forgiven if you we're previously enrolled at the college that shutdown within 120 days. Other than that, you're screwed and your degree is worthless.

I've predicted the For-Profit colleges demise about 3 years ago. There is already word that Apollo Inc. (University of Phoenix) is soon to follow suit. Then hopefully, Devry, ITT Tech, Kaplan, etc...

"Hey you, sitting on the couch!..."


http://oag.ca.gov/consumers/general/consumers_cii_faqs

http://www.nytimes.com/2014/07/03/up...A18%22%7D&_r=0

Last edited by FwdFtl; Yesterday at 08:17 PM.
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      Today, 12:50 AM   #2
michaelthepsycho
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OMFG that black dude on the Everest commercials pissed me off so much. I don't know why. Thankfully, there was TiVo.
Why would anyone attend for-profit colleges? Community is cheap as fck and the well-established ones in SoCal gets you into the UC system if you meet the lowly requirements.
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      Today, 08:26 AM   #3
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hahahaha @ this thread.
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      Today, 11:32 AM   #4
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Here is the real issue with these programs and I will tell you the same holds for not-for profit universities and colleges.

Quote:
more than 500 students completed the medical assistant certificate program during the 2007-08 and 2008-09 school years. After hitting the job market, they earned an average of $12,553 per year in 2011. Since 90 percent of full-time medical assistants are paid at least $21,080 per year, according to the Bureau of Labor Statistics, this suggests that many of these students couldn’t get jobs in their field at all.
These schools crank out more students with degrees for jobs which do not exist. No school cares if you get a degree and find out there is no one currently hiring for the supposed skills you just completed a degree for. Those 500 people above most likely would not have been qualified to work even if the jobs really existed. They all went to work for McDonald's, why because no one would hire them otherwise.

It is all about the money, the schools want to suck as much out of you as they can and could care less if you can get a job.

I been saying this for years, School should not be allow to offer a degree in any field of study unless they can show companies actually list the degree as a requirement for employment. When the last time you say as job posting which said it requires a history or liberal arts degree (I know you can go and become a lawyer or politician with those degrees).You know if you want to pay the bill yourself go have at it, but you should not be allowed to get federal guarantee loans for degrees that no one is hiring for.

You know that 40% of the students do not have a job within 6 month of graduating colleges, why they have degrees which are useless.
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      Today, 11:37 AM   #5
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Quote:
Originally Posted by michaelthepsycho View Post
OMFG that black dude on the Everest commercials pissed me off so much. I don't know why. Thankfully, there was TiVo.
Why would anyone attend for-profit colleges? Community is cheap as fck and the well-established ones in SoCal gets you into the UC system if you meet the lowly requirements.
You should see the parody of those Everest commercials!

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Originally Posted by bimmerfrk View Post
hahahaha @ this thread.
Lots of comedy here:
http://www.thelayoff.com/corinthian-colleges

All the people that got laid off and their threads are starting to get trolled
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      Today, 12:25 PM   #6
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Quote:
Originally Posted by Maestro View Post
I been saying this for years, School should not be allow to offer a degree in any field of study unless they can show companies actually list the degree as a requirement for employment. When the last time you say as job posting which said it requires a history or liberal arts degree (I know you can go and become a lawyer or politician with those degrees).You know if you want to pay the bill yourself go have at it, but you should not be allowed to get federal guarantee loans for degrees that no one is hiring for.

You know that 40% of the students do not have a job within 6 month of graduating colleges, why they have degrees which are useless.
It's not necessarily that they are getting a degree in a field with no jobs available, but the fact most of these institutions aren't really accredited and most employers don't trust any degree from these schools. Many of them offer degrees in fields like accounting or nursing, fields which do require a degree and have demand, but the students aren't told that their degrees aren't worth the paper they are written on. Try applying to a Big 4 or other accounting firm with a degree from Devry or some place like that and you won't even make it past the front door.

These degrees are nothing more than fancy marketing to dumb people who think that they are getting a real degree. Like another poster said, I don't know why these people don't go to a community college for 2 years, get their AA and then transfer to a reputable 4 year state university.
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      Today, 12:30 PM   #7
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They mostly cater towards lower income individuals anyways... It always shocks me when someone would pic say ITT over a community college followed up with time spent at the in-state institution and have the same degree that the kid who broke his back trying to make it in as a freshman has... With about half the student debt for kicks.
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      Today, 12:54 PM   #8
FwdFtl
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Quote:
Originally Posted by Maestro View Post
Here is the real issue with these programs and I will tell you the same holds for not-for profit universities and colleges.



These schools crank out more students with degrees for jobs which do not exist. No school cares if you get a degree and find out there is no one currently hiring for the supposed skills you just completed a degree for. Those 500 people above most likely would not have been qualified to work even if the jobs really existed. They all went to work for McDonald's, why because no one would hire them otherwise.

It is all about the money, the schools want to suck as much out of you as they can and could care less if you can get a job.

I been saying this for years, School should not be allow to offer a degree in any field of study unless they can show companies actually list the degree as a requirement for employment. When the last time you say as job posting which said it requires a history or liberal arts degree (I know you can go and become a lawyer or politician with those degrees).You know if you want to pay the bill yourself go have at it, but you should not be allowed to get federal guarantee loans for degrees that no one is hiring for.

You know that 40% of the students do not have a job within 6 month of graduating colleges, why they have degrees which are useless.
I agree with most of what you're saying. The point you make about these "degree factories" promising jobs after they complete the paper shredding program or massage therapy program are true. The main cause of these colleges being cut off their umbilical cord with Federal funding was their blatant lies about job placement numbers. This is how it worked, I used to work at an Everest for 60 days...

After the poor student gets slapped on with maximum debt and terrible education, they send them to a fake graduation followed by a mandatory visit to their job placement center. Oh, they get you a job alright. What the student didn't know was Everest had an inside network similar to the drug cartels of employers who will hire and then fire these students within weeks of hiring. This was the only way Everest was able to tell the Feds we meet your minimum job placement standards.

I can go on all day long.

Quote:
Originally Posted by 335iRlz View Post
They mostly cater towards lower income individuals anyways... It always shocks me when someone would pic say ITT over a community college followed up with time spent at the in-state institution and have the same degree that the kid who broke his back trying to make it in as a freshman has... With about half the student debt for kicks.
This.

True story. If you show the SLIGHTEST interest in attending their college, your life is over. They will hound you until you specifically tell them to fuk off. There was an admission reps that actually drove to a potential students house to get them enrolled. They target all the low income, poverty stricken neighborhoods. They believe these people can't think for themselves and want the easy fast track to success.

You ever wonder why their commercials would come on only in the middle of the day when everyone else is working?
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      Today, 01:27 PM   #9
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Are you guys telling me that my Master's in the Artistic Interpretations of Historical Street Corner Orange Sales from Julio's Discount Online Universitylike College is worthless?

Shit.

Time to apply to ITT for their BS in The Art of Turning on A Computer with Two Monitors degree. At least that might get me into the tech field.
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