When the University of Phoenix, the country’s largest university, announced this week it’s closing 115 campuses and satellite locations, it signaled more than a sudden availability of commercial real estate near highway interchanges, where for-profit colleges like to set up shop as a student convenience.
After years of explosive growth that really caught fire when the economy collapsed four years ago, for-profit higher education is shrinking fast.
That’s not a good thing for providers like Phoenix, at least in the short run. Whether it’s good for them, for students, and for the economy in the long run — well, that depends whom you ask.
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2 comments:
That explains why I have'nt seen their commercials lately.
Oh, how sad! All those nasty regulations keeping the poor colleges from making even more money by ripping people off.
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