Educational Technology

October 24, 2018

How many colleges and universities have closed since 2016?

Filed under: Educational Technology — admin @ 12:30 am

by Hallie Busta, Education Dive

Data from the National Center for Education Statistics show that more than 100 for-profit colleges closed between the 2016-17 and 2017-18 academic years alone, while 20 nonprofit colleges shuttered during that period. And although the number of credentials issued increased 1.2% from 2012-13 to 2016-17, for-profits offered nearly 30% fewer than nonprofits. The for-profit sector has been in a downward spiral since 2016, when the Obama administration removed accreditation from several privately run groups responsible for ensuring colleges meet certain educational criteria. The decision, supported by two regulations designed to increase governance over for-profits — the gainful employment and borrower defense to repayment rules — followed the high-profile collapses of for-profit chains ITT and Corinthian Colleges when they were denied federal student aid from the Education Department.

https://www.educationdive.com/news/how-many-colleges-and-universities-have-closed-since-2016/539379/

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