If I were to read just recent headlines about higher education, I would be quite concerned about its health. This is particularly true with for-profit higher education.
Earlier this summer, in response to its use of financial aid funds, Corinthian Colleges Inc. agreed to sell 85 of its campuses, and to teach out programs in 12 others. Bryman College of BioHealth Inc., Bauder College in Atlanta, and Career Colleges of America in California are other examples of closures this year. Federal and state legal and consumer-protection oversight is on the increase. This dynamic is not limited to for-profits, as evidenced by the closure of 130-year-old Virginia Intermont College earlier this year.
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