What is the upside in showing up? You think that the Senators are going to change their mind? Have you ever watched a Senate hearing examining, for instance, the non-existant gasoline conspiracy that drove prices... login to read the rest
I would just say that empirically, schools have raised tuition to comply with 90/10. This is because no one wants to pay out of pocket when they don't have to.
Here is APOL in their Oct... login to read the rest
IR told me this morning that Andrew Clark has not yet decided if he'll attend on Thursday and his tone seemed to lean toward not attending... If this is true, conway968 and Toby24 I'm curious... login to read the rest
Toby, the 90/10 rule measures a school's sources of revenues, it doesn't measure the amount of federal loans going to students at that school. In your example, if tuition was $80 and the student borrowed... login to read the rest
Bondo, students borrow the maximum amount of federal aid available to them, regardless of the cost of tuition. Furthermore, the institution (BPI for example) has no authority to prevent them from overborrowing and has an... login to read the rest
I'm not sure I follow that a 90/10 problem means that tuition CAN'T be decreased, in fact it seems like the most easily accomplished way of getting into compliance. E.g., you charge $100 tuition, $90... login to read the rest
APOL can never compete with BPI on tuition price because they are wed to a brick and mortar cost structure which makes their cost to educate significantly higher than that of BPI and other purely... login to read the rest
Toby24, sorry for not replying quicker.
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To question 1, I do think CDRs will deteriorate as the portion of Ashford on-campus students is diluted from the cohort. The 2 year rates have trended from 4.1% in... login to read the rest
finn250, apologies for not replying sooner. You pose fair questions.
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To question 1, I'd counter to you w "if BPI's offering was so great, why do so many students withdraw?" While growth is very impressive, I think it's partly a function of... login to read the rest
Thanks for the write-up. I have some questions I'm hoping you could answer.
1. Can you elaborate as to why you think their CDRs will deteriorate? From my understanding CDRs correspond to the demographic served and... login to read the rest
Thanks for the writeup.
BPI and its financial and operational history are fascinating.
A few questions:
1) If BPI has such a lousy offering, why has it been able to show such spectacular growth and profitability, even in... login to read the rest
Tom Harkin is as much an education expert as Sarah Palin is an energy expert, but I recognize his influence and ability to create headline risk. The stats reported by Harkin are cooked. For instance,... login to read the rest
bondo119, thanks for the comments. I'd encourage you to re-read the section of this write-up related to the HLC changing its guidelines. HLC has been the most lax regional accreditor, a point which is well-documented... login to read the rest
conway968, I appreciate your comments. However, I find it hard to believe that BPI has a "good business plan" and " a good product in a hot industry." Do you think the HELP committee is having a... login to read the rest
One problem with the loss of accreditation argument is that, unless the feds step in to regulate all the accreditors, then there is always going to be someone willing to accredit these schools, even if... login to read the rest
Company has $5 of cash per share and has sand-bagged earnings guidance of $2.20 per share. They have been quiet on the buyback of late, but are set to ramp it back up at anytime. ... login to read the rest
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