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According to a recent article in The Chronicle of Higher Education, closures of four-year, private, and not-for-profituniversities and colleges in 2017 are expected to triple from the current average rate of five per year. There is an important reason for schools to be proactive.
Image: The University of Arkansas System is considering a transaction in which it would transform the for-profitUniversity of Phoenix into an independent nonprofit affiliate, spokespeople for both institutions have confirmed. It could be.”
The implications of President-elect Donald Trump regaining the helm of the Department of Education have catalyzed many predictions and fears of how higher education will fare in 2025. In the face of such uncertainty, college and university leaders may feel compelled to sit tight and assess the climate.
Department of Education that it is imposing a $37 million fine on Grand Canyon based on similar allegations. Grand Canyon in 2018 had restructured itself into two entities: a non-profit college, GCU, and a for-profit company, Grand Canyon Education (GCE), that gets paid to provide a range of services to the school.
However, the more relevant reason for many of these closures is the lifecycle and current operating environment of higher education. Over the past few years, 65 for-profits closed and seven merged with other institutions. In addition, 14 nonprofit universities closed and five merged while 36 public institutions merged or consolidated.
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