Ben Unglesbee, Education Dive
Dream Center Education Holdings was the third major for-profit college system to close since December, coming on the heels of Education Corporation of America (ECA) and Vatterott Educational Centers. Taken together, the shutdowns signal that the for-profit sector’s reputational and financial troubles aren’t over, even after a period of consolidation and relative quiet following the collapses of ITT Technical Institute and Corinthian Colleges during the Obama administration. The recent spate of abrupt closures presents an alarming trend in for-profit higher ed’s consolidation.
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