Waldorf College, a Lutheran liberal arts college in Iowa, may be sold to a for-profit entity. A statement [1] from the college said it was trying to “align its future” with an unnamed entity that would preserve the college’s programs. The Des Moines Register [2] reported that the entity is Columbia Southern University, in Alabama. In recent years, several financially struggling private colleges [3] in recent years have sold themselves or selected assets to for-profit higher education groups. One such sale involved another private college in Iowa, Franciscan University of the Prairies, which was purchased [4] in 2005 by Bridgepoint Education and renamed Ashford University.
