Inside Higher Ed: Tears for a For-Profit College’s Demise
Think of all the ink (or its digital equivalent) that has been spilled in national publications (including this one) over the possible closure of places like Antioch College and the New College of California. Distraught faculty and staff bemoaning lost opportunities for students. Anguished alumni and local residents decrying the potential disappearance of a cherished community asset. And dozens, even hundreds, of faculty and staff members confronted with the loss of their jobs.
Contrast that with the relative silence (here and elsewhere) that greeted last week’s announcement that Career Education Corp. planned to “teach out,” or slowly close, nine of 11 unprofitable campuses that it had announced in November 2006 that it would try to sell. (The company had previously announced that it would shutter two other troubled campuses.) But as one of our bloggers noted critically, Friday’s announcement and most of the coverage of it focused on the decision as a bottom-line call by a for-profit company, after Career Education said it had been unable to find a suitable buyer for the institutions.
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