lizzzyyy098

dahneshaulis@gmail.com "Yet in practice, accreditors—who are paid by the institutions themselves—appear to be ineffectual at best, much like the role of credit rating agencies during the recent financial crisis." David Deming and David Figlio in Accountability in US Education: Applying Lessons from K–12 Experience to Higher Education (2016) As a watchdog of America's subprime colleges and a monitor of the College Meltdown , I can tell you that institutional accreditation is no sign of quality. Worse yet, accreditation by organizations such as the Middle States Association , Western Association of Schools and Colleges , and the Higher Learning Commission is used by subprime colleges to lend legitimacy to their predatory, low standard operations.  [Image below: DeVry University uses its accreditation to lend credibility to its brand.] According to the US Department of Education, the Higher Learning Commission (HLC) accredits 946 Title IV schools, including some o...

Summary As a subprime higher education company, National American University Holdings (NAUH) has avoided media and agency scrutiny for years. NAUH has been losing money since 2015, with only severe cost cutting in sight. A former NAUH executive has filed a False Claims lawsuit alleging that the school defrauded the US government. Share price has been at or near $1 delisting price since March 2018. NAUH has mortgaged their real estate assets to stay afloat, to the tune of $8M, a big number for a small cap company. NAUH is underwater, with debt surpassing equity in May 2018. NAUH has delayed submitting its annual report to the SEC. NAUH has only one major investor, T. Rowe Price. NAUH and the Subprime College Crash While subprime college college companies like Corinthian Colleges ( COCO ), Apollo Group (NASDAQ: APOL ), DeVry University (DV), ITT Educational Services ( ESI ), and Education Management Corporation ( EDMC ) made the greatest profits and the greatest losses over the last ...