Meanwhile, what is clear – as punctuated by the potential University of Phoenix buy out – is that once the “traditional” colleges did get in the game, it was over.The University of Phoenix (UOPX) NSCS chapter is a group of students that embody the spirit of commitment to scholarship, leadership and service, built upon a foundation of integrity. Maybe.īut if that’s the case, it’s a curious occurrence that tuition prices continue to go up – that it seems that whatever efficiency and cost pressures the for-profits exerted, they did not work. Some will argue that their existence created market pressures that forced “traditional” colleges to improve, become more efficient and embrace new technology. There is still work to be done.īut let the debate begin, and continue, as to whether higher education’s misplaced dalliances with online, investor-run, for-profit colleges were beneficial. And, as mentioned, others are just hiding. That would be nice.īut as the for-profit schools faltered, other profit-seeking businesses have woven themselves into the fabric of American higher education. With it gone and more for-profit colleges closing all the time, higher education may finally be entering the post-profit era – at least officially. Watching the University of Phoenix disappear like a mirage in the desert will be something to behold.
That the one time titan of for-profit-ism in education, the brave new model in massive, profit-driven online education, is gone – will be big.
Putting rotten apples in a barrel with good apples won’t make them good – it will only poison the entire lot.īut even if the deal is a bad one, seeing the University of Phoenix name come off the buildings it adorns, seeing its website disappear, will feel like a victory. And expensive and bad for students and so on. If the Arkansas/Phoenix deal allows the school to essentially stay in business under a cleaner nameplate – as the other deals have – that will be tragic. That it’s potentially being consumed by a public school is poetic. That it may be gobbled up and closed up – at least as a brand – is big. The rapidly declining fortunes of for-profits triggered the Kaplan and Ashford sales and spurred other investor-run schools into dodgy arrangements which allow them to pretend to be non-profit schools even though their managers and investors don’t change.īut before and throughout this decline, the University of Phoenix has been the undisputed bellwether of the business model – drawing fawning praise from pundits, sponsoring football stadiums and more or less defying the collapsing market around it. Still, even putting aside the waterfall of fines, sanctions, investigations and inquires that have plagued the for-profit industry, it’s been a bad dozen years to be a for-profit college. Though, for-profits did see a roughly 5% increase in enrollments during the pandemic – likely fueled by increasing at-home time and massive direct advertising. Since 2010, 40% of all for-profit colleges have closed as enrollments dropped more than 50%. Over little more than a decade, enrollments at for-profit colleges have evaporated. This isn’t the University of Phoenix’s fault.
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