For-Profit And Online Education: What’s Going On?

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.

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