For-profit colleges and universities represent the fastest-growing but also most controversial sector of private higher education in the United States. Universities like Phoenix, DeVry and Kaplan have helped turn the for-profit sector into a massive revenue generator and the engine for higher education growth. From 1998 to 2008, for-profit enrolment grew by 225%.
A little-known California law has dealt a blow to nearly half of the for-profit college campuses in the state, barring them from offering students a coveted Cal Grant this year.
In the latest example of an apparent trend of private companies buying out for-profit colleges, Concorde Career Colleges Inc. announced on Wednesday that it would be acquired by an affiliate...
The U.S. Education Corporation, a company formed by two private investment groups in 2002 with the goal of acquiring and operating for-profit colleges, has bought a 3,800-student college...
The House of Representatives last week approved a plan to allow the Student Loan Marketing Association to become a private business. The association, known as Sallie Mae...
Another private-equity investor is taking a high-profile stake in the higher-education industry. Sterling Capital Partners announced on Tuesday that it had acquired the for-profit Florida Coastal...