For-Profit
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Judge dismisses Grand Canyon U lawsuit seeking more COVID-19 aid
The university argued it was entitled to more funds because of its nonprofit status with the IRS, but the Ed Department considers it a for-profit school.
By Natalie Schwartz • Nov. 19, 2021 -
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The Ed Dept revived a financial aid investigative unit. Is it open season on for-profit colleges?
The sector fears it will be unfairly targeted by probes into financial aid abuses. Experts say the division should look into infractions across higher ed.
By Natalie Schwartz • Oct. 21, 2021 -
Higher Learning Commission removes barrier for Walden U sale
The accreditor dropped its governmental investigation designation for the school after the Justice Department declined to take up a lawsuit against it.
By Natalie Schwartz • Updated May 4, 2021 -
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American Public Education's purchase of Rasmussen U grows nursing footprint
The $329 million deal comes as more for-profit colleges look to expand in healthcare education.
By Hallie Busta • Oct. 30, 2020 -
Adtalem to buy Walden U in $1.5B deal expanding healthcare programs
Laureate Education is selling the for-profit online college, which enrolls around 50,000 students, as it looks to grow outside the U.S.
By Hallie Busta • Sept. 11, 2020 -
U of Arizona to buy Ashford, setting up an online affiliate for adult learners
The deal is similar to that between Purdue and Kaplan universities and comes as more public institutions look to expand online.
By Hallie Busta • Updated Aug. 3, 2020 -
Report: Top Ed Dept official, Dream Center execs corresponded over accreditation issues
The House's education committee says its findings conflict with the U.S. Department of Education's version of events.
By Hallie Busta • July 28, 2020 -
Strayer, Capella parent wants to provide ed tech services to other colleges
The for-profit college operator expects more institutions will need help expanding their online footprints following the coronavirus pandemic.
By Natalie Schwartz • April 29, 2020 -
VA may stop approving new GI Bill enrollments at 5 universities
The department found "sufficient evidence" of false or misleading advertising, sales or enrollment tactics, and is giving the schools 60 days to make changes.
By Hallie Busta • March 9, 2020 -
A new state bill could challenge key interstate distance learning pact
Maryland legislation may test the limits of new federal state authorization rules and an agreement that lets colleges offer online programs out-of-state.
By Jeremy Bauer-Wolf • March 4, 2020 -
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Zovio CEO discusses plans to pursue new partners after 'transitional year'
The company expects to begin courting universities for its ed tech services after spinning off Ashford University, its top exec told analysts.
By Hallie Busta • Feb. 21, 2020 -
Grand Canyon CEO: We're being 'selective' in the hunt for new partners
The company has said it is searching for additional universities to use its OPM services, but it's looking to fill a narrow niche.
By Hallie Busta • Feb. 20, 2020 -
In California, VA ends Ashford U's GI Bill benefits uncertainty
The decision follows the for-profit online university's drawn-out battle to remain eligible to receive veteran's education funds.
By Hallie Busta • Feb. 18, 2020 -
Grand Canyon Education pushes back on short seller report
The group looks to the Education Department's move to regard the namesake university as a for-profit, but some analysts question the conclusions.
By Hallie Busta • Feb. 7, 2020 -
Arkansas State mulls opening veterinary school with for-profit
The university and Adtalem Global Education, which owns the Ross University School of Veterinary Medicine, is planning a 180-day exploration period.
By Hallie Busta • Feb. 3, 2020 -
Deep Dive
3 trends impacting major for-profit college operators in 2020
The election could be a key deadline for complex nonprofit conversions and change of control applications, and colleges are "at the wire," one analyst said.
By Hallie Busta • Jan. 31, 2020 -
Morgan State looks to add for-profit medical school
The College of Osteopathic Medicine would be the first medical school to open at an HBCU in nearly 45 years, but similar private entities have drawn criticism.
By Jeremy Bauer-Wolf • Jan. 15, 2020 -
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Dream Center lawsuit can proceed, federal judge rules
The decision is a critical step toward the discovery process, which the judge wrote will be key "to untangle the apparent web" of entities in the case.
By Hallie Busta • Jan. 8, 2020 -
Zovio moves ahead with plans to separate Ashford U
After talk of possibly selling the institution, the former for-profit college operator hopes to complete its transition to an education services provider by June 1.
By Hallie Busta • Jan. 7, 2020 -
M.O. Stevens
Deep DiveNational American's financial woes raise questions for its future
Experts predict the demise of the once-prosperous for-profit chain, but they are uncertain as to whether it is viable enough to be sold off.
By Jeremy Bauer-Wolf • Dec. 20, 2019 -
Ed Dept outlines decision to keep Grand Canyon U for-profit
In a letter shared with Education Dive, the department claims separating the university aimed "to drive shareholder value." Grand Canyon has pushed back.
By Hallie Busta • Updated Nov. 13, 2019 -
Zovio cuts 300 jobs ahead of next move with Ashford U
The decision will help save $51 million in 2020 and could be a sign the company is looking more seriously at selling Ashford rather than spinning it off.
By Hallie Busta • Updated Nov. 1, 2019 -
Shalina Chatlani
Could a better monitoring system prevent sudden college closures?
In a new report, The Century Foundation suggests replacing the composite score with a wider range of financial responsibility standards.
By Hallie Busta • Oct. 10, 2019 -
Zovio: $103M letter of credit required to spin off Ashford U
The former for-profit college operator is weighing other options, which include selling the university while staying on as a services provider.
By Hallie Busta • Oct. 8, 2019 -
Bill would require accreditors to flag failing colleges sooner
Proposed legislation in the House calls on the agencies to ask for a teach-out plan or agreement if a college doesn't meet certain financial standards.
By Hallie Busta • Oct. 3, 2019
