STATES CHRONICLE – CEO Tod Nelson has announced that Le Cordon Bleu schools will close in 2017.
The school that produced many a famous chef, like Julia Child, is going to shut its gates in September 2017 due to low enrollment.
Former students have complained that the school charges high fees but offers very little. They said that they have to pay off the huge school loans they took to study at Le Cordon Bleu, while working for $12 an hour at jobs that do not require qualifications.
Tuition fees at the school range from $ 16,000 to $ 42,550.
The graduates even filed a lawsuit against the school.
There are, however, also former students that are quite satisfied with the training they received.
Chris Aquino is such a student and he is currently working as a sous chef at 1300 Fillmore. He was devastated to hear that the school is going to close. He says that the school does indeed sell you the dream of success, but he also says that your success depends on how hard you work.
Aquino says he paid $50,000 in tuition fees to the school, but he says that studying there enabled him to fulfil his dream.
Le Cordon Bleu will stop enrolling students in January and will completely close down in September 2017. But the school management promises that the current students will be able to finish their studies and receive their degrees.
The school has also had trouble surviving with the new federal regulations that target for-profit schools. These regulations say that the students only have to pay back 20% of their wages, after tax has been deductions.
School management says that such laws make the future uncertain of for-profit schools that require higher operating costs such as cooking schools. Le Cordon Bleu has lost $100 million over the last two years and its enrollment dropped from 118,000 in 2010 for all of its 16 schools to just 38,000 in 2015.
The reasons they give for closing the school is the declining enrollment and the failure to reach a deal with prospective buyers.
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