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Department of Veterans Affairs-operated educationprogram. Alexandria Radford “ Post-9/11 GI Bill Benefits: How Do Veterans’ Outcomes Differ Based on the Type of Education They Received? And How Are Veterans Who Have Not Used Their Education Benefits Faring? ”
Franklin University, which primarily serves non-traditional, part-time adult learners, offers a unique perspective on higher education growth. Decker highlights that in addition to content, academic programs should consider their structure, transferability, micro-credentials, and prior learning assessments as part of the product. .
In other words, institutions are competing for a shrinking pool of students, and it costs more for an education that some feel isnt worth the money spent or debt incurred. The second strategy is acquisition, which is how the National University System is expanding its doctoral offerings.
This podcast, Higher Ed Mergers and Acquisitions (M&A) Activity with Gerry Czarnecki and Dr. Drumm McNaughton, drills down on higher-than-historical activity and discusses things university presidents should consider before a merger. The higher education sector has been relatively immune (or perhaps resistant?)
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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