Education Dept. to Back For-Profit Deals

September 20, 2017
 

As reported in Inside Higher Ed, the Trump administration's Education Department will sign off on controversial acquisitions of two large for-profit college chains, according to a report by BuzzFeed, which cited department emails the publication said it obtained.

Purdue University in April announced its plan to acquire Kaplan University in a complex deal to create a new nonprofit online university. The state of Indiana approved the acquisition, and experts predicted the Trump administration would as well. The bid by the Dream Center, a nonprofit missionary organization, to purchase Education Management Corp. (EDMC) and its Argosy University, South University and Art Institutes campuses has drawn criticism. The offer is reportedly $60 million for institutions that collectively enroll about 60,000 students. 

To read more about these deals, click here.

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