Lincoln Educational Services Corp (LINC) Share Price

Lincoln Tech Brings Peterbilt Technician Institute to its Nashville Campus
April 11 2023 - 10:00AM
GlobeNewswire Inc.

Lincoln Educational Services Corporation (NASDAQ: LINC), a national leader in specialized technical training for more than 75 years, announces it has entered into a training partnership with Peterbilt Motors Company to offer a specialized diesel training program at its historic Nashville, TN campus. The Peterbilt Technician Institute (PTI) at Lincoln Tech will assist Lincoln graduates in building additional skills for Peterbilt-specific equipment and technologies, and in starting new careers across the country. Peterbilt and Lincoln Tech will work together in supplying diesel technicians to Peterbilt dealerships throughout the company’s network.
“Establishing PTI at Lincoln Tech’s Nashville campus opens a new geographical territory where we can develop Peterbilt’s next generation of highly skilled, trained technicians,” says Casey Spadafina, Peterbilt’s Technician Program Manager for North America. Spadafina notes that this is the third site nationwide for PTI training, following locations in Chicago and the Dallas-Fort Worth area.

Peterbilt dealerships will cover the cost of the 12-week training program, which will be offered at Lincoln Tech’s Nashville campus - a location with a rich history of more than 100 years as a leading career training provider. Lincoln Tech, formerly Nashville Auto-Diesel College, is one of the southeast region’s most established technical schools.

“The opportunity to partner with an employer like Peterbilt opens an incredible number of doors for our graduates,” says Susan English, Lincoln Tech’s Senior Vice President for Career Services and Industry Partnerships. “At the same time, we’re honored to have the chance to assist this industry leader as they build their world-class diesel technician workforce.”

Interested students are encouraged to apply to PTI prior to graduating from Lincoln Tech. Covering a broad range of Peterbilt-specific technologies, the PTI curriculum gives graduates of Lincoln’s Auto, Diesel and Heavy Equipment Technology programs advanced training on systems ranging from fuel and electrical to HVAC, suspensions and brakes. Spadafina estimates that at least 75% of the training is hands-on, as students build experience working with real Peterbilt trucks. Students will also attend classroom sessions and complete web-based skill-building activities.

Upon completion of the advanced diesel program, students will have earned nine factory-trained technician credentials, which can help fast-track them to careers with more than 420 Peterbilt dealerships across the country.

“Peterbilt’s PTI program was developed specifically to prepare the next generation of qualified service technicians. By partnering with Lincoln Tech’s Nashville campus, students will receive best-in-class training, obtain valuable certifications and be placed in technician positions at Peterbilt dealerships across North America, earning a competitive salary and the opportunity to build a meaningful, long-term career,” said Jason Skoog PACCAR Vice President and Peterbilt General Manager.

With the Diesel and Truck industry projecting a tremendous need for skilled technicians across the country, the PTI training program is projected to begin sometime this summer. Peterbilt’s goal is to double the number of dealer technicians employed today by the end of 2027, so career opportunities should be plentiful for students who complete this advanced training program.

This is the latest in a series of new employer partnerships announced by Lincoln Tech in recent months. In addition to Peterbilt, Lincoln Tech partners with Tesla, Mazda, BMW, Marriott, Johnson Controls International, Hussmann, Kindig-It Designs, the Food Processing Suppliers Association, Republic Services, Volkswagen, Toyota, and hundreds of local employers throughout the U.S.

About Lincoln Educational Services Corporation

Lincoln Educational Services Corporation is a leading provider of diversified career-oriented post-secondary education. Lincoln offers recent high school graduates and working adults career-oriented programs in five principal areas of study: automotive technology, health sciences, skilled trades, information technology, and hospitality services. Lincoln has provided the workforce with skilled technicians since its inception in 1946.

Lincoln currently operates 22 campuses in 14 states under four brands: Lincoln Technical Institute, Lincoln College of Technology, and Euphoria Institute of Beauty Arts and Sciences. Lincoln also operates Lincoln Culinary Institute in the states of Connecticut and Maryland.

Wow, this article appeared just today (I haven't been following the case).I'm not going to get into the weeds with this one with only a small position.

Wednesday, April 5, 2023
Courthouse News Service
For-profit colleges join dogpile opposed to student loan forgiveness
Challenges to President Joe Biden’s actions on student loan debt are already before the justices, but for-profit colleges are asking the high court to create more roadblocks to the relief plan.

KELSEY REICHMANN / April 5, 2023

WASHINGTON (CN) — For-profit colleges brought the latest appeal to the Supreme Court steps over the Biden administration’s actions to cancel student loan debt.

Whereas the court is already reviewing a challenge to the use of a post-9/11 law to cancel $10,000 in debt from certain student loan borrowers using a post-9/11 law, the emergency application submitted Wednesday to Justice Elena Kagan takes a different tack. Everglades College and two other institutions complain that the use of the Higher Education Act to cancel student loan debt is an abuse of authority.

“The Secretary’s claimed authority amounts to nothing less than the power to cancel, en masse, every student loan in the country,” Jesse Panuccio with Boies Schiller Flexner wrote in an application for the universities, referring to the head of the Department of Education.

Panuccio notes that the program in question diverges from the administration’s actions under the Higher Education Relief Opportunities for Students Act of 2003, but that this case could moot the question already before the justices.

“If the Secretary is correct, the pending decisions in Nebraska and Brown could be rendered potentially irrelevant,” Panuccio wrote. “After an adverse decision from this Court, the Secretary could turn around and cancel the same debts under his claimed HEA authority.”

Before Biden took office, over 160,000 student loan borrowers sued the Education Department in 2019, claiming the government had failed to process their borrower defense claims — an application that can be filed with the department if a student feels their university has engaged in misconduct. The class action suit alleged that students had their credit damaged because of the government’s inaction on the claims.

A settlement was in the works in 2020. Under former Education Secretary Betsy DeVos, the department said it would respond to the requests within 18 months. A year later, DeVos was ordered by a federal judge to testify in the class action over the long delays and mass denials of student debt relief claims. U.S. District Judge William Alsup said there was evidence that the department acted in bad faith when delaying the processing of borrower defense claims.

Before DeVos could testify, however, a divided panel on the Ninth Circuit rebuked Alsup’s ruling, finding that it would violate separation of powers principles to force testimony from cabinet members — even if they are no longer holding office.

The students then claimed the Education Department had adopted a presumption of denial policy for borrower defense claims and asked for an order forcing the court to hand down a decision on the merits of their claims.

Settlement talks advanced in 2022, with both parties filing for preliminary approval. At the same time, however, the department also moved for summary judgment on the basis that there was no longer a need for relief because it had already been provided.

For-profit universities moved to halt the suit once the students and government agreed to a settlement. Everglades College, Lincoln Educational Services Corporation and American National University claimed the Education Department did not have the authority to provide the relief it agreed to in its settlement, and the settlement would violate the Administrative Procedure Act as well as the universities’ due process rights.

Overruling the universities’ objections, a federal judge granted final approval of the settlement. The schools have appealed the ruling but claim the Supreme Court must intervene because the government plans on acting sooner rather than later.

“They have sought orderly appellate review, but the Department has announced it will effectuate the settlement immediately, rather than on the year-plus timeframe established by the settlement,” Panuccio wrote. “Accordingly, the schools seek a stay pending a writ of certiorari.”

The universities allege the settlement denies them their due process rights while removing their administrative rights. They also claim the agreement will expose them to new liability.

According to the universities, the department is using two provisions under the HEA both to cancel student debt and to refund prior payments to 200,000 students at 151 institutions. The schools say this also creates a new process for examining additional borrower defense claims.

“The Secretary’s claimed authority to provide not just $10,000, $17,500, or $40,000 in debt relief for some professions, or full relief in a handful of circumstances, but full discharge in all circumstances — and refunds of past payments — renders these carefully calibrated grants of specific authority impermissibly superfluous,” Panuccio wrote (emphasis in original).

Everglades says the administration is incorrectly reading HEA’s statutes and that its proposed plan would require specific authorization from Congress. But even if the department was authorized to create such a plan, the universities claim the government did not follow the appropriate steps to do so.

“Even if the HEA granted the Secretary the authority to establish a program of en masse loan cancellation and refunds — and the major questions doctrine confirms Congress did not — at minimum, creation of such a farreaching, detail-laden program would require formal rulemaking,” Panuccio wrote.

The Department of Education did not respond to a request for comment on the case.

I have a question for you Surfer, and I'd like your opinion, or anyone else's.

Why are Lincoln and two other colleges suing the Dept of Ed, over student loan forgiveness?

I realize they are concerned about the hit to their reputation, but it isn't costing them money, and it shines more light on the situation.

Old news. But no one has posted since 2017. And this information is way under the radar

Lincoln Tech Signs Agreement with Tesla to Train Future EV Technicians
August 3, 2022

Lincoln Tech’s Denver campus will be the home of a new Tesla training facility, as part of a 3-year plan whereby the school will provide the proprietary Tesla START training at no cost to students. This will help develop the next generation of Tesla’s service technicians for the EV workforce. Automotive Technology graduates from any of Lincoln Tech’s campuses will be eligible to apply for this advanced EV training program.

The Tesla training facility will occupy approximately 6,000 square feet of space in Lincoln Tech’s Denver campus. Tesla will also provide vehicles, tools, equipment, charging stations and its own instructors to deliver the program, and those students accepted into the 16-week program will receive an hourly stipend while they train. Upon completion of the program, graduates may be recruited for positions at Tesla service centers across North America.

MICHAS ALEXIS P has filed a new activist 13D, reporting 5.7% ownership in $LINC - https://fintel.io/so/us/linc

traded the day...

took profits a few times
and back in at the close

If this level doesn't hold up this could possibly free fall down below a dollar again

$LINC Take profits. $79.48M Debt

1.90 now. She moves like a knife cutting through butter!

This thing has been breaking out since I created this board and is showing no signs of letting up.

Yes Sir!! This has been the 'sleeper of the month'!!...just awake now! LoL

NICE BREAKOUT THIS MORNING! GREAT!!

Break-out today ladies and gents!!!

Wow! Some real 'boom boom'
Here in LINC today! That's the reward that comes with a company starting to generate some profits again. Wonder if news of that 'asset sale' is emerging?

Very nice day here!!

Nice come-back off the LOD. Great week here!

Some good strength today...especially after yesterday's move. Guess the markets like a low-priced play beginning to show signs of a recovery!

$LINC

LINC ~ BREAKOUT FORMING...

Nice!

$LINC

A little profit taking here this morning so far but nothing bad at all considering the recent gains. Holding well here.

DDAmanda® Chart on: $LINC: Click on the chart twice to see it better.



z

LINC still might be moving up today.....little premarket move this morning.....

Insane move on LINC!

Definitely !

LINC has been on fire. What an unbelievable run!

You guys come over and join the rcap short squeeze party yet!?

Yea congrats, i was in .45 sold .30 n walked away but good to see here

Amazing LINC run great job dudes. I'm in rcap for $1.00 break and 37% short squeeze

LINC, another stunning move today after huge gains last week.

Over 500% in the past 2 weeks. Those are the kinds if returns I'm talking about!!!

Woooo lets go baby!!

Rcap next dudes ;)

Yup, LINC up over 300% on the week. Very nice.

What a phenomenal run this week. On no news to boot. Glad there's finally a board up on it for us I-hubbers to post on.

$LINC

they want hit $1.00 before get delisting notice.

Wow

bid/ask keep moving up. Looks good.

LINC

below the minimum $1.00 per share 30 consecutive business day, "Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard" will follow up., better sell before the notice come out.

Hell yeah...killed it yesterday!!!!

Let's see if .37 holds up now

Chart plays are dominating right now, excellent call, good call.

Welcome hope you made some money here.
Set your stop loss at .47 today, if it falls I don't see much support until .37.
If it breaks out, it may try to fill a gap at .81 but I see no real resistance point until 1.02.
Reading up on charts is really starting to pay off for me ( thanks Garst )
Now let's see if I'm right.

Yeah, I saw him post it yesterday AM.

linc 10 DAY CHART

Ver nice call, I missed that alert

Not sure but homeboy mentioned it yesterday AM that it looked ready. What a call by him on this one!

Ya it was a great day today! Massive volume

4th, made a great impulse buy yesterday.

Home boy, what you got going on here??

Board mark #2. What a nice gain in LINC today. Wish I had shs.