Wednesday, May 6, 2009

The Sale of Waldorf--not the NY hotel!

In an earlier post, I referred to online education degrees being advertised in the Statesman Journal, and noted there that until then I hadn't heard of the provider--Ashford University. That mystery is solved now...when I read that:
It was novel a few years ago when Bridgepoint Education purchased the Franciscan University of the Prairies, also a small, religious Iowa college. Today the renamed Ashford University has both the former institution's campus (since improved), but also new online programs.
The same report notes that:
Many experts have been predicting -- just like Hanson -- that in the next few years more for-profit universities will buy financially struggling nonprofit colleges. And the model that Waldorf and Columbia Southern are following -- where the nonprofit institution retains some identity and a campus, even as it add programs linked to the larger for-profit interest -- appears to be growing.
I am not sure how much the two examples the story cites become a trend that "appears to be growing." Oh well .... :-)

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