Placement Rates for ALL Colleges, Universities, Etc
How is it that the for-profit colleges get all the attention where placement rates go? I know dozens of people who earned degrees, yielding tens of thousands in debt, far greater than any of the average debts accrued by for-profit college students, and they didn't get jobs in their fields either. In fact, I got a degree at a state university, and have a job completely out of my field. No one ever called me, no one ever wanted to know whether or not I had a job. Nothing. I know this story for many people, but mostly that they never got a job with their degree. Again, averaging $50 - $70K in school debt. The economic climate and individual drive has everything to do with getting a job. A degree, or certificate, are only the beginning. You can't promise that someone will get a job, no college or university can do that. I took an art class once, for 6 weeks, paid my money, and I didn't become a paid artist. Instead, I learned a little more about one particular aspect of one particular medium of art. It just doesn't make sense to me that someone receives a bit of education, which has always been just a start, not a guarantee, and expects to get miraculous, immediate results. Most education begets more education, starting at ground zero in little jobs here and there, until you catch a break. Am I making any sense?
Make no mistake, Not for profit skools have a LOT to answer for. I pray that they eventually will be held to account.
HOWEVER, you have to start SOMEWHERE. For profit is probably the best, easiest place to start. In the for profit sector, COCO is also a great place to start.
How many problems, how many lawsuits, how many regulatory issues can this stock withstand? Some for sure...but there is going to be a breaking point. At some point it will not matter....bad reputation, poor outcomes, lawsuits, etc. who is going to one of these skools?
The vast majority of "for profit" skools are simply wealth transfer devices from the taxpayer to the school admins. The students get crushed in the middle.
I would think what little is left of the reputation will soon be gone.
We'll see, but stock is indicated opening at $1.55/share.