For-Profit: Page 6
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Sanctions continue on CollegeAmerica's parent company
Its accreditor told the operator to stop enrollment in 10 programs as well as provide outcomes data on others and justification for some marketing claims.
By Hallie Busta • May 17, 2019 -
Adtalem, Northeastern to offer AI certificate course
A new partnership between the former for-profit college operator and the university's business school is likely to expand to include corporate training.
By James Paterson • May 8, 2019 -
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Deep DivePrivate equity's role in the rise — and fall — of for-profit colleges
Investors funneled billions of dollars into the sector during and after the recession, and they may be gearing up for another round.
By Ben Unglesbee • May 6, 2019 -
Judge orders end to Dream Center's ill-fated receivership
The legal process afforded the for-profit college operator protection from creditors, but it didn't prevent mass closures and damage to students and staff.
By Ben Unglesbee • April 30, 2019 -
InStride adds 2nd university partner
An Australian college will offer programs with the newly launched workforce-focused firm, owned by a private equity fund and Arizona State University.
By Ben Unglesbee • April 26, 2019 -
Deep Dive
Sudden death: Can the most damaging kind of for-profit closure be prevented?
Three major systems failing abruptly in four months is a sign the sector’s troubles aren't over and its oversight mechanisms may not be working.
By Ben Unglesbee • April 24, 2019 -
Purdue adds two corporate education partners
Eli Lilly and Cisco Systems will get custom programming from the arrangement, which sees the university looking to merge on-campus and online curriculum.
By James Paterson • April 23, 2019 -
IBM
IBM to offer tech skills training with U of Louisville
The first of four similar partnerships by IBM brings courses in emerging fields such as AI and data science to an economy being reshaped by automation.
By James Paterson • April 22, 2019 -
As National American U faces possible closure, Ed Dept tightens oversight
The for-profit college operator fell short of the agency's financial responsibility measures, prompting demands for a letter of credit and more disclosures.
By Ben Unglesbee • April 16, 2019 -
Adtalem buys financial services training unit for $121M
The acquisition comes as the for-profit college operator looks to strengthen its position in professional education.
By Hallie Busta • April 16, 2019 -
Why Arizona State is using a for-profit to help expand workforce partnerships
The venture launches as colleges across the U.S. look to add adult learners through strategic growth online.
By Ben Unglesbee • April 16, 2019 -
Bridgepoint acquires tutoring platform TutorMe as it rebrands
The for-profit changed its name to Zovio and moved its headquarters as it works to morph from a college operator into a tech-focused services provider.
By Ben Unglesbee • April 9, 2019 -
For-profit online students drawn by convenience but left 'disappointed'
The sector enrolls an outsized share of remote students, who in focus groups said they were frustrated by a lack of resources, a new Brookings report found.
By Ben Unglesbee • April 1, 2019 -
Report: Online learning growth continues, but opportunities for improvement remain
Uptake of online classes and programs varies across institutions, with more colleges expected to add new credentials and turn to third parties for help.
By James Paterson • March 27, 2019 -
By the numbers: A look at for-profits' latest quarter
Recent earnings reports show a sector facing uncertainty and exploring business model overhauls.
By Ben Unglesbee • March 20, 2019 -
Arizona State and partner launch InStride workforce education platform
The university and a private equity firm have released more details on the anticipated initiative to connect institutions and employers.
By Hallie Busta • Updated April 8, 2019 -
Deep Dive
Timeline: How Dream Center’s higher ed bid went off the rails
The court-appointed receiver says Dream Center is out $2.5 million in payroll expenses, and lawmakers call the Ed Department "complicit" in the collapse.
By Ben Unglesbee • Updated March 19, 2019 -
Bridgepoint to acquire coding boot camp Fullstack Academy
The deal, for $17.5 million in cash plus stock, gives the for-profit operator a platform to expand into other high-demand training verticals.
By Ben Unglesbee • March 13, 2019 -
Ed Dept recommends bankruptcy for Dream Center
In a hearing Monday, a federal judge extended the embattled receivership, but the end may be near after several of the operator's colleges closed.
By Ben Unglesbee • Updated March 12, 2019 -
Receiver says Dream Center is 'insolvent,' plans to sell or close campuses
The manager of its assets says he has lined up buyers and transfer partners for many of its remaining colleges following Argosy's loss of Title IV access.
By Ben Unglesbee • Updated March 8, 2019 -
Ed Dept pulls Argosy U’s Title IV access in blow to Dream Center
With $13 million owed to students and few answers, the federal agency denied the for-profit college's request for a change in control and nonprofit conversion.
By Ben Unglesbee • Updated March 1, 2019 -
Will National American U's online pivot be enough to keep it alive?
The for-profit faces declining enrollment and a bleeding balance sheet, but success online is uncertain in a tight market and sale prospects are limited.
By Ben Unglesbee • Feb. 26, 2019 -
Dream Center receiver sues groups that took over Art Institutes
The manager of the nonprofit's assets claims the Education Department forced it into the arrangement on the threat of losing its Title IV access.
By Ben Unglesbee • Updated Feb. 26, 2019 -
Veterans groups urge VA to keep GI benefits away from deceptive colleges
A recent audit estimating the department will make $2.3 billion in improper payments over the next five years raised fresh concerns over wasted funds.
By Natalie Schwartz • Feb. 25, 2019 -
IRS approval brings Ashford U a step closer to nonprofit status
Bridgepoint's plan to spin off the for-profit, online college still requires several layers of approval it has previously struggled to get.
By Natalie Schwartz • Feb. 20, 2019
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