TUI sold

You may very well be correct.

From the issue dated September 29, 2006

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http://chronicle.com/weekly/v53/i06/06a04202.htm

 

I sincerely hope not. For the sake of the military personnel and others attending TUI I hope they come out of this better than ever. It could happen and I believe we should at least give the new owners a chance. We do not need to give critics of DL anymore ammunition to use against us all.

 

Yes, lets hope so, Carlos. If TUI becomes better than before, it will help to improve the image of DL proprietary schools. So i'm crossing my fingers.

 

No, I don't believe that! The Touro College scandal will pass just like any other scandal; the TUI sale is not related to the Touro College scandal. Summit Partners are not stupid, don't you think they fully explored the possibilities of an exodus? Equity firms of this size do not gamble. Look at the purchases and mergers this company has managed, they're winners. BUT... the student interest may not be at heart of this brokering firm. Student interests such as being affiliated with a non-profit or a jewish institution have been, so it seems, undermined.

Susanna

 

Like I said before, lets not have a rush to judgement here. This might be a positive development for DL!

http://chronicle.com/news/article/2773/touro-college-will-sell-online-division-to-private-equity-fund

Emphasis mine

 

Wow, Touro University International sounds weird to me; but now change it into TUI University? I don't think the name is going anywhere. At least Touro University International sounds better than TUI University. It should be changed into Touro Western University, Touro California University, or Touro Pacific University.

 

I'd like to clarify that I think that the academics at TUI are just fine. It's just the name change that I find hard to gulp down. What does TUI in "TUI University" stand for?

 

This sort of thing is always in the back of my mind when I think about NCU. I don't think for a moment that this won't happen there. The old man and his wife get tired of running the place and they sell. Maybe it will sell to some company and be called NCU University. Gag!

All I can say is that this TUI name must have been the result of a Six Sigma project...else, that's about it for creativity for that company. The best one has been taken up...Westernassociationofschoolsandcolleges University. The close seconds that sound so elegant and sophisticated would consist of Stratford College London, and Preston University. How about TUI Dubya University. That one sounds presidential.

Bing

 

me again: "What does TUI in "TUI University" stand for?"

How about: The Unnamed Institution?

 

Ian correctly points out that SRI is "Stanford Research Institute" not "International."

What I meant is that there is a fair amount of usage (albeit incorrect) of "SRI Institute," thus "Stanford Research Institute Institute."

This, for instance, from a Dept. of Health & Human Services site:
"SRI Institute, End-of-Project Evaluation Report, Lincoln Action Program, Demonstration Partnership Program, March 1993..."

 

IF (notice the big IF) I go for a DBA it will be at Nova Southeastern U. Talk about strange names! After Nova University merged with Southeastern University for Health Sciences the name Nova Southeastern was used.

From wiki: "A nova is a cataclysmic nuclear explosion caused by the accretion of hydrogen onto the surface of a white dwarf star."

So does the name of the school mean an exploding star in the southeastern sky?

 

Two points:

1. TC and TUI have separate computing systems and the involved individuals were terminated. There is no reason for students or the public to think less of either institution.

2. The surprise for students was that the University was for sale last year, not that it has been sold now. There is good reason to view the purchase as validation of the value of school as an educational institution that will thrive long into the future. (By the way, several other DL schools don't have this sort of validation.)

In a very real sense, the purchase of TUI is validation of the school.

Dave

 

I'm beginning to suspect you're employed by a Northcentral competitor, Dave.

It sure doesn't help your intended image of a noble troll fighter when you initiate the trolling in a new topic yourself. Not that anyone else has ever believed your baseless personal attacks to be more than paranoid delusions.

 

I disagree. The problem is indicative of poor internal control. If an employee of a credit bureau modified your credit report to include a bankrupcy or various other fictitious items would you be willing to dismiss it as an inevitability that just has to be lived with? How is the security of student information and records any different?

 

Exactly. The best I can glean from the original news story is that the perps were fired and that Touro College is cooperating or did cooperate with the investigation. At least, that is my understanding.

Dave

 

who will broker the deal ..?LOL

lets say excelsior buys them off for less money ..

 

I suppose that you are kidding... Still, it seems highly unlikely that the investment would go that direction.

Dave