The Rise and Fall of For-Profit Higher Education

Show simple item record Beaver, William 2017-11-16T16:13:25Z 2017-11-16T16:13:25Z 2017-01
dc.identifier.citation Beaver, W. (2017) "The Rise and Fall for-Profit Higher Education", Academe, 103(1), 26-31. en_US
dc.description.abstract The rise of for-profit higher education has been remarkable. According to the Department of Education (DOE),between 1990 and 2010 enrollments at for-profit colleges increased by 600%. Nearly 2 million students -- 12%of all post secondary students -- were enrolled by the end of that period. As the enrollment numbers began torise in the 1990s, publicly traded companies emerged, consolidating the industry through buyouts until only afew corporations -- including Corinthian College -- dominated the industry. Over two decades Corinthian became a favorite of investors. The corporation had dramatically increased in size to 110,000 students and one hundred campuses. Then, just as dramatically, Corinthian collapsed. A stock that had once traded as high as thirty-three dollars had declined to two cents by the summer of 2014. The collapse occurred when the DOE suspended Corinthian from the federal student aid program -- the lifeblood of for-profits. en_US
dc.language.iso en_US en_US
dc.publisher Acedeme en_US
dc.subject for-profit higher education en_US
dc.subject Federal Student Aid en_US
dc.subject Enrollment en_US
dc.subject Funding en_US
dc.title The Rise and Fall of For-Profit Higher Education en_US
dc.type Article en_US

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