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Career Education Corp. Buys Online University

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March 14, 2019

Career Education Corporation, a publicly traded for-profit college company that has shrunk significantly from its 2010 peak enrollment of more than 100,000 and 100 campuses, has announced the purchase of Trident University International, a fully online for-profit institution with about 4,000 students. Career Education is paying between $35 million and $44 million for Trident, which was purchased by its current owner, Summit Partners, from the Touro University System for $190 million in 2007.

Career Education says it plans to merge Trident with its American InterContinental University institution; American InterContinental and Colorado Technical University are Career Ed's two remaining institutions.

Doug Lederman

Doug Lederman is editor and co-founder of Inside Higher Ed. He helps lead the news organization's editorial operations, overseeing news content, opinion pieces, career advice, blogs and other features. Doug speaks widely about higher education, including on C-Span and National Public Radio and at meetings and on campuses around the country, and his work has appeared in The New York Times and USA Today, among other publications. Doug was managing editor of The Chronicle of Higher Education from 1999 to 2003. Before that, Doug had worked at The Chronicle since 1986 in a variety of roles, first as an athletics reporter and editor. He has won three National Awards for Education Reporting from the Education Writers Association, including one in 2009 for a series of Inside Higher Ed articles he co-wrote on college rankings. He began his career as a news clerk at The New York Times. He grew up in Shaker Heights, Ohio, and graduated in 1984 from Princeton University. Doug lives with his wife, Kate Scharff, in Bethesda, Md.