WASHINGTON -- Two weeks ago, the hub of the federal government’s scrutiny of for-profit higher education was the U.S. Department of Education, where a team of staffers were putting the finishing touches on a set of proposed regulations aimed at reining in abuses of the federal financial aid program.
For-Profit Higher Ed
Puerto Rico’s Sistema Universitario Ana G. Méndez attracted thousands of adult students to an accelerated degree program, AHORA, by stressing the kind of flexibility and practicality that one would expect from a program called “now.”
But when administrators and faculty started considering how to expand into the continental United States they realized it wouldn’t work to simply shift their program a few hundred miles north.
For-profit higher education has had no difficulty attracting black students. When the University of Phoenix announced its growth to 443,000 students in the fall, it noted that 27.7 percent of its new students are African-American.
For-profit giant reports that its enrollment grew to 443,000 as of August, up 22 percent from a year ago. But stock drops as company announces federal inquiry.
Liberal arts institution, unable to balance budget, will become part of a for-profit, online university. The college will survive and grow, but tenure and the Lutheran affiliation will soon disappear.
Students at small state university -- discovering that their university awards credit for classes taught by online, for-profit company -- set off debate on what college instruction should be.
Higher Ed Holdings' recent efforts to partner with one university were thwarted amid faculty outcry. At other universities, however, the company's model is going forward -- raising concerns about whether mass education online is coming at the expense of individual interaction, and evaluations based on essays as opposed to multiple choice.
Several recent transactions have featured private firms or college companies taking over traditional nonprofit institutions. Some investors, though, don't foresee a trend.
Search for Jobs