Subprime College Crash Continues Under the Radar
The subprime college crash continues for the seventh consecutive year with little attention from the government or media. Subprime is a more appropriate name than for-profit, because several non-profit schools offer limited value at a high price. Campus closings, steep decreases in enrollment, low student loan repayment rates, low graduation rates, and low returns on investment are strong indicators of "subprime." University of Phoenix , now part of Apollo Global Management , continues to close campuses. In total, they have closed more than 450 campuses and learning sites. I expect UoPX to close half of their remaining campuses in the next 12-18 months. Art Institutes are closing most of their campuses in 2018 after being taken over by Dream Center Education Holdings . David Halperin has been covering the story in the Huffington Post, but it has received little attention. Argosy University , another system of DCEH schools, is teaching out at least 14 ...