Knicks17

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Just curious after hurricane Irma wiped out the Caribbean, are the schools there still open? (No, I don't want to go to the caribbean for med school!)
 
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gonnif

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But AUC has the finances to rebuild and continue to function right?

Yes.
1) AUC should have insurance to cover the physical loss of the campus
2) AUC should have some form of business insurance that will cover some of the loss of operations
3) Adtalem (formerly DeVry) is the parent company of AUC and can take a loss on its corporate tax for both loss of the campus as well as loss of business from that.
4) Adtalem as a publicly traded company, has mechanisms to raise more capital and/or reduce dividends
 

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Yes.
1) AUC should have insurance to cover the physical loss of the campus
2) AUC should have some form of business insurance that will cover some of the loss of operations
3) Adtalem (formerly DeVry) is the parent company of AUC and can take a loss on its corporate tax for both loss of the campus as well as loss of business from that.
4) Adtalem as a publicly traded company, has mechanisms to raise more capital and/or reduce dividends

Okay that's what I believed. It would be unusual if the Caribbean business model is shattered by weather phenomena
 
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Okay that's what I believed. It would be unusual if the Caribbean business model is shattered by weather phenomena

Recovery should not only take money but also time, right? How much time should it take for them to recover?
I wonder whether students in carribean will suffer in the mean time.
 

Knicks17

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If AUC got wiped out do the students have to wait one year to start or to continue school?
 

gonnif

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gonnif

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maybe I'm just naive when it comes to this, but isnt the point of carib med schools being in the carib that they couldnt be accredited to operate inside the US? Does this temporary move to Chicago raise any additional problems for the students/schools?

Likely no more issues than before. While physically these US Citizens will be residing in US state under the auspices of a US Company (DeVry), legally and institutionally, they will be earning degrees from AUC, an institution chartered in Sint Maarten, and therefore will be IMGs
 
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Just curious after hurricane Irma wiped out the Caribbean, are the schools there still open? (No, I don't want to go to the caribbean for med school!)
Trinity School of Medicine is located in St. Vincent and the Grenadines which is one of the Southern-most Caribbean islands and well below the typical Caribbean 'hurricane belt'. Thankfully, St. Vincent was not affected by Irma or Maria beyond minimal rain and wind.
 
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