Posted on 12/10/2012 10:15:16 PM PST by 2ndDivisionVet
Career Education Corp. is closing all of its Chicago-area campuses that operate under its Sanford-Brown College banner.
The Hillside, Skokie and Tinley Park locations are among the 23 campuses that Schaumburg-based Career Education said in November would cease operations throughout 2014. The for-profit private education system announced the closings and 900 job cuts as it reported a third-quarter loss of $33.1 million.
"We made these difficult decisions by taking a number of factors into account, including enrollment levels at each campus, financial viability, community need and employment opportunities for graduate in local markets," said Mark Spencer, director of corporate communications.
Tinley Park will be the first to close in January 2014, followed by Hillside in May 2014 and Skokie in July 2014, he said.
Career Education announced in June that it would close its Collinsville campus, which means Sanford-Brown College will no longer have a presence in Illinois with the additional Chicago-area closings. Mr. Spencer said the decision to close Collinsville was based on an expiring lease and expected student outcomes.
The campuses have stopped accepting new students and will continue to operate until current students finish their degrees...
(Excerpt) Read more at chicagobusiness.com ...
Not all layoffs are bad. These can be viewed as part of the infrastructure that generates massive taxpayer-backed student loan debt, held by a lot of folks who cannot or will not pay it back. So, reducing the rate of production of this debt, which when you net it out, is often paid back by taxpayers who never went to college, is not a bad thing at all.
WebMD to announce "massive" layoffs Tuesday
Snip: Health information provider WebMD Health Corp. is expected to cut nearly a third of its workforce, Atlanta Business Chronicle has learned.
73% of new jobs in last 5 months are in Government
Snip: Or to put it another way, 73 percent of jobs created in the last 5 months are a drain on the taxpayers that we don’t have. Because it’s one thing to add tons of government jobs when there are taxpayers, it’s a lot worse to do when the people who pay for government jobs are unemployed.
That’s also thousands of kids who won’t become nurse’s aides, massage therapists, medical office assistants, web page builders or paralegal.
Good! I hope Chicago goes belly up with people starving in the streets, eating rats and freezing. Obama’s “hometown” deserves it. Bunch of left wing, nut job thugs.
I agree. There has been an explosion of these ‘schools’ since taxpayer’s foot the bill. Let schools compete for students without taxes, and we’ll see tuition rates fall and education improve. I looked into a school of Dental Hygiene. The cost was 12,000$ for 9 months of training! It used to be something you could learn on the job.
My question is was this an approved school, aka take title 9 monies etc so that you went the FASFA etc route and get the entire spectrum of federal monies to go to school.
The for-profit schools charge an enormous tuition rate, and the education is no better then what the standard vacational school provide.
And yes, they really puch the student loan stuff.
“push”....
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.