DOCSLIB.ORG

Career Education Corporation

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Career Education Corporation SUMMARY ANNUAL REPORT: 2004 Career Education Corporation turning dreams into futures SUMMARY ANNUAL REPORT: 2004 Career Education Corporation Mission Statement: We are a dynamic educational services company committed to quality, career-focused learning led by passionate professionals who inspire individual worth and lifelong achievement. Turning Dreams into Futures. CAREER EDUCATION CORPORATION IS ONE OF THE LARGEST PROVIDERS OF PRIVATE, FOR-PROFIT POSTSECONDARY EDUCATION AND HAS A PRESENCE IN BOTH ON-CAMPUS AND ONLINE EDUCATION. CEC’S 80-PLUS COLLEGES, SCHOOLS AND UNIVERSITIES PROVIDE STUDENTS WITH THE ON-SITE AND ONLINE EDUCATION THEY NEED FOR LONG AND SATISFYING CAREERS, AND PROSPECTIVE EMPLOYERS WITH A HIGHLY QUALIFIED POOL OF WORKERS FROM WHICH TO CHOOSE. CEC OFFERS DOCTORAL, MASTER’S, BACHELOR’S AND ASSOCIATE DEGREE PROGRAMS AND NON- DEGREE DIPLOMA AND CERTIFICATE PROGRAMS IN FIVE CORE CURRICULA: BUSINESS STUDIES; VISUAL COMMUNICATION AND DESIGN TECHNOLOGIES; HEALTH EDUCATION; INFORMATION TECHNOLOGY; AND CULINARY ARTS. CONTENTS LETTERS TO SHAREHOLDERS | 02 OPERATIONS REVIEW | 06 FINANCIAL INFORMATION | 18 DIRECTORS AND MANAGEMENT | 22 CORPORATE AND STOCKHOLDER INFORMATION | 23 2004 CAMPUSES | 24 2004 financialhighlights NASDAQ: CECO comparison of cumulative total shareholder return < *PEER INDEX INCLUDES APOLLO GROUP INC., CORINTHIAN COLLEGES, 1000 INC., DEVRY INC., EDUCATION MANAGEMENT CORPORATION, ITT 900 ceco EDUCATIONAL SERVICES, INC. AND STRAYER EDUCATION, INC. s&p 500 $839.09 800 peer index* $833.88 700 CEC 2004 starts by media source internet: 44% 600 t.v. and print: 20% referral: 19% 500 $537.52 $511.05 other: 9% $416.94 $ IN HUNDREDS direct mail: 4% 400 $357.32 high school: 4% 300 $320.95 $219.00 $255.79 200 $203.91 cec student population by degree $90.90 granting status* 100 $100.00 bachelor’s/master’s/ $80.09 $80.29 $89.03 $62.39 doctoral: 45% 0 associate: 41% certificate/diploma: 14% 1/1/00 12/31/00 12/31/01 12/31/02 12/31/03 12/31/04 revenue net income cec student population by core curriculum* 04 $1.73 Billion 04 $179.6 business studies: 41% 03 $1.18 Billion 03 $112.8 visual communication and design technologies: 26% health education: 13% $770.7 $61.8 02 02 culinary arts: 12% information technology: 8% 01 $542.1 01 $35.3 00 $330.9 00 $19.2 $ IN MILLIONS $ IN MILLIONS cec student population by age group* 21-30: 46% student population diluted earnings under 21: 28% over 30: 26% 04 100,350 04 $1.71 03 81,900 03 $1.12 02 51,600 02 $0.65 * as of january 31, 2005 01 41,100 01 $0.39 00 29,000 00 $0.25 AS OF OCTOBER 31 PER SHARE 1 to our 2004 was an important year in the evolution of Career Education Corporation. We continued to grow and prosper, delivering record revenues and earnings. We also developed and changed as an organization, dealing head-on with the opportunities JOHN M. LARSON, and challenges inherent in CHAIRMAN, PRESIDENT AND being a growth company. CHIEF EXECUTIVE OFFICER 2 shareholders During 2004, Career Education Corporation built corporations that sponsor employees who are Technology campuses in Seattle, Las Vegas on its position as one of the largest on-campus looking to enhance their education and advance and Nashville; and a Le Cordon Bleu College providers of private, for-profit postsecondary their careers. of Culinary Arts in Miami. Our 2004 campus education and greatly expanded its presence as a start-ups are performing strongly. leader in online education. CEC’s student popula- CEC enjoys distinct competitive advantages in tion now exceeds 100,000, with about a quarter online education through its proprietary technology While our CSU Group expanded in some of our students enrolled in online degree programs. and Virtual Campus that replicates a traditional markets, it contracted in two others. We sold campus environment. We are at the vanguard of the International Academy of Design and Students are attracted to our colleges, schools online education. Our challenge going forward Technology campus in Montreal, Canada and and universities because we provide a high quality, is to continually assess, refine and add to our began a teach-out of the IADT campus in career-focused educational experience that is OEG programs and the supporting technology Fairmont, West Virginia, which did not perform tuned to employer needs and provides long-term to meet changing student needs. We relish this satisfactorily despite investments in growth. An job skills. Our educational programs are focused challenge because it is the basis upon which orderly transition is underway at IADT/Fairmont so in five areas of dynamic job growth: business OEG has been built. You can learn more about that students enrolled in degree and certificate studies, visual communication and design tech- our Online Education Group and the great strides programs will be able to complete their studies. nologies, health education, information technology it made during 2004 in the Operations Review and culinary arts. of this annual report. A second major challenge for the CSU Group during 2004 was the performance of our Gibbs CEC focused on achieving significant organic CEC’s Colleges, Schools and Universities Group division. CEC acquired the Katharine Gibbs Schools growth in 2004. Our marketing programs produced (CSU) delivered a solid performance in 2004. in 1997 and a renaissance quickly followed. We record leads, and our investments in people, CSU is our on-campus operating group and it expanded the curricula from a focus on secretarial facilities, technology and programs helped fuel is comprised of a number of well-known brand sciences to offer certificate and degree programs strong growth at both our on-campus and online name educational institutions. We made signifi- in business studies, visual communication and operating groups. cant investments across our CSU schools during design technologies and information technology. 2004, including in new faculty and staff training We expanded the system to include new geo- Our Online Education Group (OEG) continued to programs, expanded degree programs, upgraded graphic markets. While some Gibbs schools are surge, broadening its reach through two platforms: facilities and enhanced technology. Several CSU doing well, others have underperformed, impacting American InterContinental University Online and schools moved to new campus facilities that the division and our overall corporate financial Colorado Technical University Online. In just its provide wireless technology and other amenities performance. We have put in motion a number of fourth year, OEG contributed nearly a quarter of conducive to an enhanced learning environment. strategies to reinvigorate the Gibbs system, and our overall revenue and delivered a 40 percent These new campuses have been built to accom- have every confidence we will succeed. A new profit margin. We are buoyed by the success modate future growth and demonstrate our management team with a track record of success of our online programs and their potential for commitment to being a world-class provider is now in place, a number of facilities have been continued growth. of quality educational services. upgraded, academic programs are being enhanced and new marketing initiatives are underway. We Online education is increasingly popular among In addition to continually revitalizing existing expect these initiatives to begin showing results working adults and others who want a high quality schools, campus start-ups are an important in 2005. education and the convenience of anytime, any- component of our growth strategy. Our approach is where access. At the same time, there is broad to benefit from the brand name recognition of our >>> continued on page 4 recognition of the value of an online degree. existing school groups by opening new campuses OEG has partnered with more than 250 major in geographic markets where our studies show demand for career education is high. In 2004, we opened International Academy of Design and 3 >>> continued from page 3 Despite its challenges, the CSU Group has much tation produced by our growth and freed our people to be proud of in 2004. Among other achievements, to provide more personal service and attention we successfully transplanted more than 75 to our students. During 2004, we shortened the academic programs throughout the CEC system, cycle time for responding to leads and enhanced creating cost-efficient organic growth for our student portals to make them more interactive campuses. We also integrated the operations of and communicative. the three school groups included in our largest transaction to-date, the 2003 acquisition of Another major area is compliance, where CEC Whitman Education Group. And in 2004 we launched a major initiative in 2004 to create continued our strong international performance, a world-class compliance organization. During successfully integrating the 2003 acquisition the year, we established a new position, Senior of INSEEC Group, owner of nine postsecondary Vice President of Compliance. The compliance Career Education Corporation grew and changed schools with campuses in Paris, Bordeaux and function at CEC is independent, reporting directly in meaningful ways during 2004. In 2005 we Lyon, France. Additional CSU 2004 highlights to the Audit Committee of CEC’s Board of Directors. expect to continue our history of growth through can be found in the Operations Review of this The mission of our compliance function is to the ongoing expansion of our Online Education annual report. promote compliance with all applicable legal, Group; the opening of campus start-ups and regulatory and accreditation requirements, as satellites; the introduction of new degree programs CEC is a large company that strives to maintain well as with our own expectations and the CEC and academic program transplants; and invest- its entrepreneurial drive. At its core, our job is Code of Business Conduct. ments in people, campuses and company-wide to help our students achieve their dreams. This support systems.
Load more

Recommended publications
  • Career Education Corporation to Stop Collecting on Loans, Change
    Career Education Corporation to Stop Collecting on Loans, Change Practices in Agreement with Maryland, 48 Other Attorneys General Settlement Will Bring $493.7 Million in Nationwide Debt Relief for CEC Students BALTIMORE, MD (January 3, 2019) – Maryland Attorney General Brian E. Frosh today announced a settlement with for-profit education company Career Education Corporation (CEC) in which CEC will forgo collecting more than $8.5 million in debts owed by 2,784 Maryland students. The settlement also mandates that CEC significantly reform its recruiting and enrollment practices and make a $5 million payment to the settling states. Maryland will receive $264,285.71 of this payment, with the rest distributed to the other settling states, the National Association of Attorneys General Financial Services and Consumer Protection Fund, and the State Center. Illinois-based CEC currently operates online courses through American InterContinental University (AIU) and Colorado Technical University (CTU), and has closed or phased out many of its other schools over the past 10 years. Its brands have included Briarcliffe College, Brooks Institute, Brown College, Harrington College of Design, International Academy of Design & Technology, Le Cordon Bleu, Missouri College, and Sanford-Brown. There are no physical CEC-operated campuses currently in Maryland. The Assurance of Discontinuance (Assurance) with attorneys general in 48 states and the District of Columbia, requires CEC to forgo any and all efforts to collect amounts owed by former students who either attended a CEC institution that closed before January 1, 2019, or whose final day of attendance at AIU or CTU occurred on or before December 31, 2013.
    [Show full text]
  • Course Catalog 2019 - 2020
    COURSE CATALOG 2019 - 2020 mc3.edu TABLE OF CONTENTS COLLEGE FACULTY AND STAFF.................................................................................................2 1 COLLEGE FACULTY AND STAFF Cheryl L. Dilanzo, R.T. (R), Director of Radiography B.S. Thomas Jefferson University M.S. University of Pennsylvania Therol Dix, Dean of Arts and Humanities COLLEGE FACULTY B.A. University of California, Los AngelesM.A. University of Pennsylvania J.D. Georgetown University AND STAFF Bethany Eisenhart, Part-Time Career Coach ADMINISTRATION B.S. DeSales University Kimberly Erdman, Director of Dental Hygiene A.A.S., B.S. Pennsylvania College of Technology Office of the President M.S. University of Bridgeport Victoria L. Bastecki-Perez, President Katina Faulk, Administrative Director for Academic Initiatives D.H. University of Pittsburgh A.S., B.S. Pennsylvania College of Technology B.S. Edinboro University of Pennsylvania M.B.A. Excelsior College M.Ed, Ed.D. University of Pittsburgh Gaetan Giannini, Dean of Business and Entrepreneurial Initiatives Candy K. Basile, Administrative Support Secretary B.S. Temple University A.A.S. Montgomery County Community College M.B.A. Seton Hall University Deborah Rogers, Executive Assistant to the College’s Board of Trustees Ed.D. Gwynedd Mercy University A.A.S. Montgomery County Community College Suzanne Vargus Holloman, WIF Grant Project Director B.S. Syracuse University Academic Affairs M.B.A. Drexel University Gloria Oikelome, Interim Vice President of Academic Affairs and Dean of Sean Hutchinson, Coordinator of Integrated Learning Health Sciences B.A., M.A. La Salle University B.S. Bethel University Alfonzo Jordan, Science, Technology, Engineering and Mathematics Lab M.S. Long Island University Manager Ed.D.
    [Show full text]
  • Career Education Corp
    VIRGINIA: IN THE CIRCUIT COURT FOR THE CITY OF RICHMOND John Marshall Courts Building COMMONWEALTH OF VIRGINIA, EXREL. MARK R. HERRING, ) ATTORNEY GENERAL, ) ) Plaintiff, ) ) y# ) ) CIVIL ACTION NO. CAREER EDUCATION CORPORATION, ) a Delaware eorporation. ) ) AMERICAN INTERCONTINENTAL UNIVERSITY, INC., ) a Georgia corporation ) ) and ) ) COLORADO TECHNICAL UNIVERSITY, INC., ) a Colorado corporation. ) ) 3 20 ig ) %>, Defendants. ) £-c. COMPLAINT The Plaintiff, Commonwealth of Virginia, by, through, and at the relation of the Attorney General of Virginia, Mark R. Herring (the "Plaintiff or the "Commonwealth"), petitions this Court to declare that the activities in which the Defendants, Career Education Corporation ("CEC"), American Intercontinental University, Inc. ("AIU"), and Colorado Technical University, Inc. ("CTU") (collectively, the "Defendants"), have engaged constitute violations of the Virginia Consumer Protection Act ("VCPA"), Virginia Code §§ 59.1-196 to 59.1-207. The Plaintiff prays that this Court grant the relief requested in this Complaint and states the following in support thereof: 1 JURISDICTION AND VENUE 1. The Commonwealth brings this action pursuant to its authority in Virginia Code § 59.1-203, which provides, inter alia, that the Attorney General may bring an action to enjoin any violation of the VCPA. The Circuit Court for the City of Richmond has authority to entertain this action and to grant the relief requested pursuant to Virginia Code §§ 8.01-620, 17.1-513, 59.1-203, 59.1-205 and 59.1-206. Venue in this Court
    [Show full text]
  • Scholarship Information and College Planning Guide
    Mount Union Area High School Scholarship Information and College Planning Guide 2020-2021 Online www.muasd.org *Scholarship Packet prepared by MUAHS business classes/saved in Cooper Scholarship folder *Revised October 2020 TABLE OF CONTENTS Programs for your MU College Bound Senior .................................................................... Page 1 College Planning Calendar for Seniors………………………………………… ................ Page 2 How Colleges Make Decisions About Who Gets Admitted ................................................ Page 3 Early Decision. Early Action. Rolling. What Does It All Mean? ..................................... Page 3 A (Honest) Note About Financial Aid ................................................................................. Page 4 Online Resources and Scholarship Information .................................................................. Page 5 PASFAA Website Resource Guide ................................................................................ Pages 6-7 Mount Union Area Alumni Association Scholarship .......................................................... Page 8 Mount Union Area Education Association Scholarship ...................................................... Page 9 Mount Union Area Education Trust .................................................................................... Page 9 The John S. Morrison Scholarship ..................................................................................... Page 10 The Soroptimist Foundation Scholarship ..........................................................................
    [Show full text]
  • Case 1:03-Cv-08884 Document 107 Filed 05/01/2006 Page 1 of 152
    Case 1:03-cv-08884 Document 107 Filed 05/01/2006 Page 1 of 152 UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION DAVID TAUBENFELD, Individually, and On Case No. 03 C 8884 Behalf of Himself and All Others Similarly Honorable Joan H. Lefkow Situated, CLASS ACTION Plaintiff, THIRD AMENDED CONSOLIDATED vs. COMPLAINT FOR VIOLATION OF THE FEDERAL SECURITIES LAWS CAREER EDUCATION CORPORATION, JOHN M. LARSON and PATRICK K. PESCH, Demand For Jury Trial Defendants. ––––––––––––––––––––––––––––––––––––––––– Lead Plaintiff, Thomas Schroder (“Lead Plaintiff”), individually and on behalf of all other persons similarly situated, by his undersigned attorneys, alleges the following based upon personal knowledge as to himself, and information and belief as to all other matters based upon, inter alia, the investigation of Lead Plaintiff’s counsel, which included a review of United States Securities and Exchange Commission (“SEC”) filings by Career Education Corp. (“CEC” or the “Company”), as well as securities analysts’ reports concerning the Company, Department of Education audits of CEC schools, press releases, media reports, other public statements issued by the Company, documents and e-mails prepared by the Company, and interviews with dozens of confidential witnesses, including the 27 former employees of the Company cited herein. This Complaint directly addresses the matters raised in the Court’s Memorandum Opinion and Order dated March 28, 2006. Among other things, it (a) adds as a named representative an individual who purchased
    [Show full text]
  • National Student Satisfaction and Priorities Report
    2009 NATIONAL RESEARCH REPORT National Student Satisfaction and Priorities Report Are college students satisfi ed with their educational experiences? Each year, the National Student Satisfaction and Priorities Report examines this subject, compiling data from hundreds of thousands of students attending four-year public campuses, four-year private institutions, two-year community colleges, and private two-year career schools. This report highlights some key areas, including how satisfaction levels differ by student demographic variables, how satisfaction varies by institutional choice, and whether today’s students— if they had to do it all over—would choose the campuses they currently attend. Table of contents... The 2009 study: Discovering national trends and opportunities for improvement .............................................................................. 3 Satisfaction and likelihood to re-enroll: The overall results ................. 4 Institutional choice: A key element in satisfaction ............................... 4 2008 fi rst-year students: College choice also impacts satisfaction ........ 5 Ethnicity reports: Lower satisfaction among African-American and Asian students ........................................................................... 7 GPA reports: Academic success breeds satisfaction ............................ 8 Class level reports: Declining likelihood of re-enrolling at private institutions ........................................................................... 9 Gender reports: Greater satisfaction
    [Show full text]
  • 2010-201454-1-Enrollment Form-V2.Qxp
    PROCESSOR STAMP DATE RECEIVED HERE PLEASE COMPLETE UNITEDHEALTHCARE INSURANCE COMPANY THIS FORM IN BLOCK ENROLLMENT FORM FOR STUDENTS AND THEIR DEPENDENTS LETTER PRINT USE BLACK INK TO ENROLL IN THIS PLAN ONLINE, GO TO WWW.UHCSR.COM CAREER EDUCATION CORPORATION 2010-201454-1 SOCIAL SECURITY # - - or SCHOOL ID# PRIMARY INSURED STUDENT NAME: Last (Family) Name First (Given) Name Middle Initial GENDER: ❑ Male ❑ Female DATE OF BIRTH: ______ - ____ - ______ EXPECTED DATE OF GRADUATION: ______ - ____ Check one Month Day Year Month Year MAILING ADDRESS: House/Building Number and Street Name - Apt. or P.O. Box # or Rural Route City County State ZIP Code PERMANENT ADDRESS: House/Building Number and Street Name - Apt. or P.O. Box # or Rural Route City County State ZIP Code TELEPHONE # - - E-MAIL ADDRESS: ______________________________________________ Complete information below for Dependents to be insured. Dependent coverage is available only for Students insured under the Plan. SPOUSE: - - ❑ Male ❑ Female Date of Birth : - - Social Security Number (Check One) Month Day Year First (Given) Name M/I Last (Family) Name CHILD: - - ❑ Male ❑ Female Date of Birth : - - Social Security Number (Check One) Month Day Year First (Given) Name M/I Last (Family) Name CHILD: - - ❑ Male ❑ Female Date of Birth : - - Social Security Number (Check One) Month Day Year First (Given) Name M/I Last (Family) Name CHILD: - - ❑ Male ❑ Female Date of Birth : - - Social Security Number (Check One) Month Day Year First (Given) Name M/I Last (Family) Name CHILD: - - ❑ Male ❑ Female Date of Birth : - - Social Security Number (Check One) Month Day Year First (Given) Name M/I Last (Family) Name NOTICE TO STUDENT: Coverage will be effective the date the correct premium is received by the Company or a representative of the Company or the effective date of the coverage period, whichever is later, unless otherwise stated in the Master Policy.
    [Show full text]
  • Of the Graduate
    78646 Output 3/23/06 5:41 PM Page c1 theyear of the graduate CAREER EDUCATION CORPORATION SUMMARY ANNUAL REPORT: 2005 78646 Output 3/23/06 5:35 PM Page ifc1 CAREER EDUCATION CORPORATION Career Education Corporation is a dynamic educational services company committed to quality, career-focused learning and led by passionate professionals who inspire individual worth and lifelong achievement. Since our founding in 1994, CEC has progressed toward our goal of becoming the world’s leading provider of quality educational services. CEC is the world’s largest on-ground provider 2005 of private, for-profit, postsecondary education and has a substantial and growing presence in online education. CEC’s schools prepare students for professionally and personally rewarding careers through the operation of 86 campuses, including two online campuses, located throughout the United States and in France, Canada, and the United Kingdom. CEC’s schools offer doctoral degree, master’s degree, bachelor’s degree, associate degree, CONTENTS: and non-degree certificate and diploma LETTERS TO SHAREHOLDERS … 02 programs in the following career-oriented disciplines: Business Studies, Visual OPERATIONS REVIEW … 06 Communication and Design Technologies, FINANCIAL INFORMATION … 18 Health Education, Culinary Arts, and CORPORATE AND STOCKHOLDER INFORMATION … 22 Information Technology. DIRECTORS AND MANAGEMENT … 23 CAMPUSES … 24 MISSION STATEMENT FOR LEARNING: OUR MISSION IS TO SERVE STUDENTS FROM DIVERSE BACKGROUNDS, SEEKING TO ENHANCE THEIR INDIVIDUAL WORTH AND PROFESSIONAL POTENTIAL, BY DELIVERING QUALITY EDUCATIONAL PROGRAMS AND SERVICES. OUR FACULTY AND STAFF ARE COMMITTED TO PROMOTING STUDENT SUCCESS AS MEASURED BY GRADUATION AND CAREER ACHIEVEMENT. 78646 Output 3/21/06 12:06 PM Page 1 Graduation day! It’s the goal that each student at a Career Education Corporation institution points toward from the day they begin classes.
    [Show full text]
  • List of U.S. Higher Educational Institutions Recognized by China Government
    List of U.S. Higher Educational Institutions Recognized by China Government Alabama Air University (Maxwell AFB) Alabama Agricultural and Mechanical University (Normal) Alabama Southern Community College (Monroeville) Alabama State College of Barber Styling (Birmingham) Alabama State University (Montgomery) Army Academy of Health Sciences – Branch Campus (Fort Rucker) Athens State University (Athens) Auburn University (Auburn University) Auburn University at Montgomery (Montgomery) Beeson Divinity School of Samford University (Birmingham) Bessemer State Technical College (Bessemer) Bevill State Community College (Sumiton) Birmingham-Southern College (Birmingham) Bishop State Community College (Mobile) Blue Cliff School of Therapeutic Massage (Mobile) Calhoun Community College (Decatur) Capps College (Dothan) Capps College (Foley) Capps College (Mobile) Capps College (Montgomery) Central Alabama Community College (Alexander City) Chattahoochee Valley Community College (Phenix City) Community College of the Air Force (Maxwell AFB) Concordia College (Selma) Defense Acquisition University – Branch Campus (Huntsville) Douglas MacArthur State Technical College (Opp) Enterprise-Ozark Community College (Enterprise) Faulkner University (Montgomery) Gadsden Business College (Anniston) Gadsden Business College (Rainbow City) Gadsden State Community College (Gadsden) Gaither Inc. dba Gaither & Co. Beauty College (Scottsboro) George C. Wallace Community College (Dothan) George Corley Wallace State Community College (Selma) H. Councill Trenholm State
    [Show full text]
  • Comment Number
    Macias, Wendy Crom: ent: Tuesday, June 23, 2009 9:22 AM (0: negreg09 SUbject: NACAC Written Testimony on Incentive Compensation Attachments: NACAC Written Testimony on Incentive Compensation.doc Dear Wendy: Please find attached NACAC's written testimony on incentive compensation from Thank you, Government Relations Manager National Association for College Admission Counseling 1 ~ National Association for ... _ College Admission Counseling Testimony of the National Association for College Admission Counseling (NACAC) Higher Education Act Statutory Ban on Incentive Compensation for Admission and Financial Aid Officers Presented June 22,2009 U.S. Department ofEducation Public Hearing, Philadelphia, PA AboutNACAC NACAC is a non-profit association ofnearly 12,000 high school counselors and college admission officers across the United States. The association represents more than 1,600 high schools and 1,I00 not­ for-profit colleges and universities. Founded in 1937, NACAC's core mission is to provide a code of ethics for the college admission counseling profession. NACAC's Statement ofPrinciples ofGood Practice constitutes the guiding principles for professional college admission practice in the United States. Ethical Admission Practice NACAC's Statement ofPrinciples ofGood Practice states that members "will not offer or accept any reward or remuneration from a college, university, agency, or organization for placement or recruitment of students . Members will be compensated in the form ofa fixed salary, rather than commissions or bonuses based on the number ofstudents recruited." Association members stress that NACAC's core principles are intended to serve the student interest in the transition from secondary to postsecondary education. Members will readily acknowledge that the number ofstudents enrolled in a given academic year is a matter of great importance to all institutions of higher education.
    [Show full text]
  • School Codes
    FEDERAL SCHOOL CODES For 2009-2010 Effective October 1, 2008 Table of Contents Domestic Page Alabama ..........................................................................................................................................................1 Alaska..............................................................................................................................................................2 American Samoa .............................................................................................................................................2 Arizona............................................................................................................................................................3 Arkansas..........................................................................................................................................................5 California.........................................................................................................................................................6 Colorado........................................................................................................................................................19 Connecticut....................................................................................................................................................22 Delaware........................................................................................................................................................24
    [Show full text]
  • Delivering on Debt Relief | Foreword 2020
    DELIVERING ON DEBT RELIEF Proposals, Ideas, and Actions to Cancel Student Debt on Day One and Beyond November 2020 STUDENT BORROWER PROTECTION CENTER ABOUT THE STUDENT BORROWER PROTECTION CENTER The Student Borrower Protection Center is a nonprofit organization focused on alleviating the burden of student debt for millions of Americans. The SBPC engages in advocacy, policymaking, and litigation strategy to rein in industry abuses, protect borrowers’ rights, and advance economic opportunity for the next generation of students. ABOUT DEMOS Demos is a dynamic “think-and-do” tank that powers the movement for a just, inclusive, multiracial democracy. Through cutting-edge policy research, inspiring litigation, and deep relationships with grassroots organizations, Demos champions solutions that will create a democracy and economy rooted in racial equity. ABOUT THE STUDENT LOAN LAW INITIATIVE The Student Loan Law Initiative is a partnership between the Student Borrower Protection Center and the University of California, Irvine School of Law to develop a body of rigorous research around how to address the student loan crisis. CONTRIBUTING ORGANIZATIONS Authors who contributed articles to this paper series hail from a diverse array of advocacy organizations and academic institutions. Authors are not speaking on behalf of their institutions, nor do authors necessarily endorse any piece in the compendium aside from their own. STUDENT BORROWER PROTECTION CENTER 2 DAY ONE CANCELLATION 2020 Table of Foreword 4 Seth Frotman, Dalié Jiménez, & Jonathan
    [Show full text]