For-Profit Group May Invest in Bethany U.

An investment group is poised to sign a deal to provide funds to Bethany University, a financially struggling Assemblies of God institution in California, The San Jose Mercury News reported. The article referred to the unidentified group buying the university, and quoted Bethany officials as saying that the funds would allow Bethany to "maintain its mission." Details were not provided. Bethany is accredited by the Western Association of Schools and Colleges, and for-profit purchases of or investments in regionally accredited colleges have of late been controversial.