It's an age old question in the culinary world: is cooking school really worth it? It's a polarizing conversation with fierce proponents on either side, but today's announcement that Le Cordon Bleu will be ceasing its operations by the end of 2017 seems telling. The school is considered largest network of culinary and hospitality schools in the world.
They'll stop enrolling students after January. CEO Todd Nelson said in a statement: "New federal regulations make it difficult to project the future for career schools that have higher operating costs, such as culinary schools that require expensive commercial kitchens and ongoing food costs."
But the entire industry, and especially LCB, has been under scrutiny for over-promising and under-delivering when it comes to debt load vs. gainful employment. A culinary education can cost up to $100,000 depending on the institution and the campus, and $12 hourly is widely regarded as an average entry level wage for cooks.
The company has a local campus in Mendota Heights, along with 15 other campuses nationwide.