At a time when U.S. colleges stand accused of illegally profiting from unsavory associations with businesses involved in awarding federal student aid, at least one major public university has found an apparently legal partner: a for-profit university.
Patrick Awuah, Ashesi University's president, celebrated the fifth anniversary of Ghana's first liberal arts college this week in Seattle. After an eight-year career at Microsoft, Awuah, a native Ghanaian, founded Ashesi in 2002 with this vision: "Imagine if every Sub-Saharan African country had several small liberal-arts colleges, educating students at a level equivalent to liberal-arts colleges in the United States -- colleges dedicated to nurturing critical thinking, effective communication skills, practical experience, and a true concern for society in their students."
The company, which owns the University of Phoenix, and the Carlyle Group plan to invest up to $1-billion in education institutions and services abroad.
The company that owns the University of Phoenix announced on Monday a venture with the Carlyle Group, a private-equity firm, that will invest up to $1-billion in education institutions and service...
Russian higher-education regulators expect to revoke the operating licenses of about 100 private and small state colleges that do not meet quality and safety standards.