82
0
It’s been quite a year for for-profit education. “Continued collapse,” is how Bryan Alexander, an educational futurist, describes it.
Here’s a quick look back:
- In February, Apollo Group, which operates University of Phoenix, one of the biggest names in the business, was taken private by a group of investors.
- In March, EDMC, which held three struggling for-profit chains with a total of 65,000 students, was sold to a Christian missionary group.
- In May, the flagship public Purdue University acquired Kaplan’s online students for $1.
- In July, two coder bootcamps, Dev Bootcamp and the Iron Yard, both shut down after being acquired. The bootcamp model of accelerated, in-person computer science courses leading directly to jobs had been heralded nationwide. We covered Dev Bootcamp in 2014 with the headline 12 Weeks To A Six Figure Job.
- In October, another bootcamp, Flatiron School, was fined $375,000 by New York’s attorney general for inflating its promises to students. Two weeks later, the coworking startup WeWork bought it.
- In November, AltSchool, a K-12 education startup that had raised $175 million, announced it was closing several schools.
- And, in December, DeVry University was sold to a much smaller company after losing more than half of its students.
tags:
This Month