According to Bloomberg, Education Management Preys on Students, Ex-Recruiter Claims
According to New America Foundation, What’s the Matter with EDMC? written by Stephen Burd 10/10/2011
According to New America Foundation, The Transformation of EDMC? written by Stephen Burd 10/13/2011
In other words, under the leadership of Todd Nelson and Goldman Sachs, the days when Education Management had a “reputation for quality and doing things the right way” appear to be long in the past.”
“When Goldman Sachs and its private equity partners purchased EDMC in 2006, only about 4,000 of the company’s students were enrolled in its online programs exclusively. Five years later, that number has increased more than tenfold, and there have been serious allegations that the company has pumped up these numbers by aggressively recruiting unqualified students.”
According to New America Foundation, How EDMC went bad? written by Stephen Burd 10/20/2011
Even worse, they loaded these students up with federal and private student loan debt that many of them will never be able to repay.”
“Importantly, no one at AICH ever advised plaintiff that federal student loans for her AICH bachelor's degree were subject to an aggregate limit of approximately $57,500 which would not cover the full cost of tuition," the complaint states.”
According to Triblive.com, EDMC: Party’s Off at For Profit Juggernaut written by Andrew Conte 05/15/2012
According to Triblive.com, For Profit Grad Struggles written by Andrew Conte 05/15/2012
“EDMC says bachelor of fine arts students in the media arts and animation program at the Schaumburg campus where Oliver attended pay $130,000 for tuition, room and board, and other costs.
Fewer than a third of the students in that program finish in four years, EDMC says, and two-thirds of its graduates find jobs in the field.”
“Some seniors at a local institute say their school won't let them graduate, and not because they didn't pass their classes.
According to Projectcensored.org, Change to Win Goes after the Educational Management Corporation for Violations of Regulations in an effort to Protect Members’ Pension Funds written by Danny Weil 02/15/2012
Samuel C. Cowley – he served as Executive Vice President, Business Development, General Counsel and Secretary of Matrixx Initiatives, Inc., a seller of over-the-counter healthcare products, from May 2008 until its sale in February 2011.
Adrian M. Jones — he joined Goldman, Sachs & Co. in 1994 and has been a Managing Director within the Principal Investment Area of its Merchant Banking Division since 2002, where he focuses on consumer-related and healthcare opportunities and is also a member of the Corporate Investment Committee of the Merchant Banking Division of Goldman, Sachs & Co.
35% of former students are paying down debt, typical graduate’s annual loan payment does not exceed 30% of discretionary income, and typical graduate’s annual loan payment does not exceed 12% of total income.”
much, much more to come - check back at a later time.