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Compare Bookkeeping Course Providers – Mentor Education Credit Transfer Issues

Mentor-Education-Credit-Transfer-Form-to-a-new-RTO-that-you-might-need-to-pay-extra-for

A Cert IV in Bookkeeping and Accounting is the same as any other Cert IV in Bookkeeping and Accounting, right? Wrong.

One of the biggest issues that ex Mentor Education students face in trying to transfer their credits to another training organisation AND continuing their studies is that EVERY RTO can choose some of their own subjects.

So a Cert IV in Bookkeeping can be different from one RTO and TAFE to another even though they’re the same qualification – does that makes sense. Let me demonstrate.

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Mentor Education: Company Wound Up, but… Too Big to Fail? EzyLearn’s OFFER

Mentor Education ASIC notification of Special Resolution to Wind Up a Company - Learn MYOB and Xero Training Courses

If you’ve been following what has happened with Mentor Education you probably also have a strong interest in the integrity of Australia’s accredited training industry.

We’ve had a lot of Mentor Education students make contact just to learn more about what they can do about their courses because they hadn’t heard from Mentor Education, nor the receivers. Some students were counting on their qualifications to find work, others were promised a wage increase with a qualification and others have been through several different training providers while they juggle work, family and study.

There appears to be some good news though you wouldn’t know it by any official announcements

Continue reading Mentor Education: Company Wound Up, but… Too Big to Fail? EzyLearn’s OFFER
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Mentor Education Liquidation: Students or Creditors, Who’s More Important?

ASQA-How-to-get-a-refund-from-a-Registered-Training-Organisation-like-Mentor-Education-or-Open-Colleges-if-they-go-out-of-business-EzyLearn-MYOB-Xero-Courses

I broke the news about Mentor Education going into administration in March and mentioned some of the implications for existing students who have paid their course fees.

We’ve been contacted by some concerned Mentor Education students to see if we can help them continue their studies and get the qualifications they enrolled for. Students do have options but it looks bleak unless the new buyer lets current students continue their studies, assesses them and provide them with evidence of their competency.

Sadly for Mentor students the big question is WHO is going to help them?

Continue reading Mentor Education Liquidation: Students or Creditors, Who’s More Important?
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Poof! – and Mentor Education is gone – Oops, page not found, then Inspire Education Type Message

Only 404 errors for Xero & MYOB Courses from the Career Academy at Mentor Education website before shut down - EzyLearn Online Bookkeeping Courses

If you’ve been following what is going on with Mentor Education and my article about what happens when a company goes through voluntary administration you’ll know that Mentor was spending a lot of money on advertising courses which they hadn’t normally promoted in the past – short courses in MYOB & Xero & Payroll.

Mentor Education was a big success and quite a large RTO (Registered Training Organisation) that offered many different Cert IV and higher qualifications on their “scope”. This included the Cert IV in Bookkeeping and Accounting.

As soon as they went into administration I noticed a couple big changes.

Continue reading Poof! – and Mentor Education is gone – Oops, page not found, then Inspire Education Type Message
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What does voluntary administration look like?

Mentor Education ASIC notification of Voluntary Administration and Creditors Meeting - will students be notified

I wrote earlier this week about Mentor Educations fate under the hands of an administrator and it all comes down to Credit Management. The “business for sale ad” touts that they earned $5M in revenue but they appear to have a cashflow management issue. Should someone have completed EzyLearn’s Credit Management Course?

This is quite a serious matter for existing students and it is a good case study example about important steps that every business needs to take if they are giving credit. It appears that one or more of Mentor Education’s creditors did have good credit management procedures in place..

Continue reading What does voluntary administration look like?