Jones International University, an online, for-profit institution based in Colorado, has announced plans to shut down. The university was the first online university to receive regional accreditation, which was controversial at the time, The Chronicle of Higher Education reported. Jones had seen steep enrollment declines in recent years, according to the Denver Business Journal. The university currently enrolls about 2,000 students, according to the U.S. Department of Education.
Glenn Jones, a cable television pioneer, founded the university in 1993. As part of its winding down, the university has signed a formal transfer agreement with Trident University International, another for-profit institution. In an announcement on the Jones website, the university said it "is committed to a smooth and orderly transition" for students.