Waldorf College May Be Sold to For-Profit

February 22, 2009

Waldorf College, a Lutheran liberal arts college in Iowa, may be sold to a for-profit entity. A statement 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 reported that the entity is Columbia Southern University, in Alabama. In recent years, several financially struggling private colleges 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 in 2005 by Bridgepoint Education and renamed Ashford University.

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