For-Profit And Online Education: What's Going On?
Even as regulations weaken, for-profit colleges struggle to stay afloat.
by Anya Kamenetz
Dec 21, 2017
3 minutes
It's been quite a year for for-profit education. "Continued collapse," is how Bryan Alexander, an educational futurist, describes it.
Here's a quick look back:
- In February, Apollo Group, which operates University of Phoenix, one of the biggest names in the business, was taken private by a group of investors.
- In March, EDMC, which held three struggling for-profit chains with a total of 65,000 students, was sold to a Christian missionary group.
- In May, the flagship public Purdue University acquired Kaplan's online students for $1.
- In July, two coder bootcamps, Dev Bootcamp and the Iron Yard, both shut.
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