Some Owners of Private Colleges Turn a Tidy Profit by Going Nonprofit

 

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State of the CountryUsa
Service Typevehicles
Classified HighlightsAfter a recent government crackdown on the multibillion-dollar career-training industry, stricter limits on student aid and devastating publicity about students hobbled by debt and useless credentials, some for-profit schools simply shut down. But a few others have moved to drop out of the for-profit business altogether, in favor of a more traditional approach to running a higher education institution. And the nonprofit sector, it turns out, can still be quite profitable.

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After a recent government crackdown on the multibillion-dollar career-training industry, stricter limits on student aid and devastating publicity about students hobbled by debt and useless credentials, some for-profit schools simply shut down.
But a few others have moved to drop out of the for-profit business altogether, in favor of a more traditional approach to running a higher education institution.
And the nonprofit sector, it turns out, can still be quite profitable.

Listing ID: 48637b663bee5bf

February 16, 2024 9:21 pm

9989 days, 21 hours

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