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College and university closures. 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.
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. “Being private equity owned, you’re always having that conversation,” Smiley said.
Interest in attending trade school nearly doubled among both teens and adults since 2017. In 2024 alone, search traffic is up 27%. “For a growing number, the skilled trades may offer a faster path to a career that aligns with their interests and goals.”
In contrast to Zovio’s fate, Graham Holdings has not been forced out of the 2017 deal in which it sold predatory for-profit Kaplan University to an Indiana state institution, Purdue University. But, reading the school’s agreement with Zovio , Arizona may be out of luck on that score. —
However, the most egregious was that the departments senior official who made the case for ACICS reinstatement is a former lobbyist who worked with for-profituniversities, a clear conflict of interest. This is up from 34% in 2017. Furthermore, two-thirds of CFOs at the privates say the same thing. This is huge.
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