Goldman Sachs is a shareholder of EDMC... need I say more!!! EDMC's lack of ethics have contributed to the financial melt down as well. They pressure people into going to school at one of crappy schools, then push high interest private loans onto incoming students so that admissions can make their numbers. Companies like Sallie Mae would then buy up this bad student debt (when so many students could not repay). That only worked for so long. Now it's played a major role in the collapse. These students are victims. They are typically from families with little to no financial support and many have fallen through the cracks in poor high school education. They are looking for a way out. Not many people know how ethical and illegal the for profit education industry can be. These students do not think to be skeptical when admissions people are feeding them lines of BS. They hear news that they have been approved for a loan (with insane terms) to go to school and they are ecstatic. It is really, really shameful. PLEASE CONTACT THE HIGHER LEARNING COMMISSION, YOUR STATES ATTORNEY GENERAL AND THE DEPARTMENT OF EDUCATION ABOUT THIS COMPANY! They are very interested. They need all of the information that they can get.
job seeker,
No amount of money would ever be worth the lack of ethics (to say the least) that EDMC forces upon it's employees. This company is evil. I have no idea how anyone who works for these schools can sleep at night!
Recent Comments
No amount of money would ever be worth the lack of ethics (to say the least) that EDMC forces upon it's employees. This company is evil. I have no idea how anyone who works for these schools can sleep at night!