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Scott Green seemed a little less committed to the deal he has relentlessly touted for more than a year and a half for his school to buy, for $685 million, the huge for-profitUniversity of Phoenix from private equity giant Apollo Global Management. According to Idaho Education News , Green said the next move was Apollos.
00:07:48] David Decker: So, we’re not for profit, but we’re not for loss either. Somebody told me a while back that for-profituniversities have a profit mentality versus nonprofit, that they pay taxes with their profits. You have to sustain yourself. [00:07:54]
In the midst of President Joe Biden’s Supreme Court defense of student loan relief, the Department of Education formally announced it would personally pursue leaders of for-profit institutions to pay unanswered debts their institution incurred from reckless spending and non-compliance with federally allocated financial aid dollars.
Three-fourths of all EdTech VC financing in 2022 went to just five start-ups. It’s not like Coke and Pepsi… The Coursera platform, writ large , connects universities, learners, government agencies, megacorporations, and local employers. This year isn’t exactly looking great either.
For instance, one universitys Board of Regents is made up of attorneys, a banker, a state official who worked in finance, and a healthcare executive. For example, for those universities which have gone public, their first and foremost responsibility is to their shareholders, and then to their students.
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