Thursday, February 13, 2020

3 trends impacting major for-profit college operators in 2020 - Hallie Busta, Education Dive

The election could be a key deadline for complex nonprofit conversions and change of control applications, and colleges are "at the wire," one analyst said. The potential for the November elections to shift the balance of power in the legislative and executive branches makes this year important for operators of for-profit colleges. Already, 2020 has seen the continuation of the sector's years-long shift into new business models, at least partly in response to stricter oversight from the Obama administration. One way is by selling their colleges or spinning them off as nonprofit entities and then moving on to function as an ed tech services provider — in some cases for their former institutions.