They have installed several new programs in which the instructors are putting in more and more time as Customer support people. They had a meeting yesterday and the instructors, some of which as online faculty, are putting in over 40 hours. Needless to say, the new programs would increase time spent in administration. The current president and administration believe that they can help retention by increasing the work load of the instructors, rather then increasing the testing of students and watching who they give federal financial assistance to at the school. This is inductive to the banks lending more and more out but ignoring the risk that they are taking.
Needless to say, the overworked instructors had a massive revolt. It is going to be hard to run an university without instructors?
Beware of the problems! They are enrolling more and more students but not facing the fact that some people are not college material and should not have financial aid?
This is very much like a Ponzi scheme, since most of the students will never pay back that financial assistance after they are dismissed from the university. But, then again, they only have to pass one class each term to stay enrolled?
Excellent post. Quality schools let teachers teach and do not involve them with the business end. They have taken advantage of easy government money while at the same time taken advantage of students who now have a huge debt load and are lucky to get a minimum wage job. Lets not forget that credits do not transfer.
This is an unethical business model at best. Bankruptcy around the corner.
If this is your basic tenant of COCO's "unethical" business model, then I would assume that you would insinuate the entire FPE is engaging in such practices. IF this is the case, then FPE companies like BPI, ESI, STRA, APOL, CECO, EDMC, UTI, LOPE , etc.....should also close their doors too as well. You would not have a stock to short if they do.
One question: Are you that one sub-par student who graduated from COCO and could not get a minimum wage job, and now resort to bashing the company for what it does? If not, can you provide a case to which you know personally? Do you also realize vast numbers of students from traditional 4-year institutions don't have a meaningful job? How do you explain this phenomenon or is it just a coincident? Should we say overall, the economy is in terrible shape despite the record smashing stock market and this affect the sentiment of the educational sector overall? I don't expect you to reply, and if you do, you won't have a constructive rebuttal except to continually bash this company into oblivion without just cause.