Heald, WyoTech, Everest schools will remain open under agreement with feds
Source: San Jose Mercury News
The U.S. Department of Education has cut a deal with the troubled parent company of three for-profit colleges with campuses across the Bay Area to keep its schools open while requiring the sale of some and the eventual closure of others.
Corinthian Colleges, which owns Heald, Everest and WyoTech colleges, will immediately receive $16 million in federal funds that will enable its schools to keep operating. It was not immediately clear Monday which campuses would be sold and which would be eventually closed in a process called a "teach-out" where ongoing programs would be allowed to conclude but not enroll new students.
Education department and Corinthian officials signed the deal Sunday after several days of negotiations. It is to be completed by July 1. Corinthian schools have 27,000 students in California and 70,000 nationwide.
The department will monitor the schools "to ensure that students are able to finish their education without interruption and that employees experience minimal disruption to their lives," said U.S. Under Secretary of Education Ted Mitchell in a statement issued Monday.
Read more: http://www.mercurynews.com/education/ci_26016700/corinthian-colleges-will-remain-open-under-agreement-feds
immoderate
(20,885 posts)Education?? Not for everybody.
--imm
aggiesal
(8,940 posts)the younger crowd won't.
Mention Ricardo Montalban and they'll say "WHO?".
--imm
aggiesal
(8,940 posts)who is Ricardo Montalban?
Or arevyou being sarcastic?
aggiesal
(8,940 posts)Rich Corinthian Leather
immoderate
(20,885 posts)--imm
rpannier
(24,345 posts)Try Senor Senior Senior that might jog the memories of the under 25 crowd -- esp the girls
tularetom
(23,664 posts)If public education goes down the shitter, the country itself will not be far behind.
KamaAina
(78,249 posts)They shouldn't have sold out to this "rich Corinthian Colleges" outfit.
tularetom
(23,664 posts)I remember dealing with a few of their engineering graduates back in the 60's and 70's. They were as well prepared as anybody.
8 track mind
(1,638 posts)However they went and graduated in the early 90's. Back then that school was top notch and they turned out top notch techs.
Its quite saddening to see a great school go the way of DeVry
LeftyMom
(49,212 posts)WyoTech opened a school here a few years back to train auto mechanics. Apparently it was scandalously expensive, but students actually moved here to attend because it's heavily advertised. Meanwhile our community college system has a very well regarded training program for mechanics that partners with the auto companies and has a great record of placing graduates into jobs. My mechanic graduated from it years ago and has his own shop now he hires young people out of it because they're very competent. Community college here costs $46 a unit, so a typical class is $136 plus books and materials, waived if you're low income, which means that students who get any state or federal grants often get paid to attend.
Whatever we're paying WyoTech would pay for a lot more students to attend classes through the community college system, and I'd rather pay to improve that system than to keep a chain of scam colleges afloat for a few more months.
The same of course goes for the Heald classes teaching people to be a dog hotel cage scrubber or phlebotomists' assistant or whatever it is they advertise during the afternoon court shows, Community Colleges do those classes better cheaper.
The feds should stop paying for private career training in areas where there's a cheaper public program that is comparable.