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.