Today's Schadenfreude: For Profit Colleges are Failing

I celebrate this news:

Look at the numbers. In the 2013-14 year, there were 3,122 four-year colleges according to the Department of Education. In 2017-18, the most recent data, there were 2,902 – a drop of about 7% over four years. That could be disruptive. But numerically, all of school closures since Christensen made his 2013 forecast were four-year, for-profit schools, which fell from 769 in 2013 to 499 in 2017 – a drop of 270. Of all the colleges, at all levels, that have closed since 2013, 95.5% of them were for-profit institutions.

Because I think for-profit education is a disaster that ought to disappear. For profit colleges offer essentially the same services as community colleges at higher prices, which forces many of their students into debt for little gain. Good riddance.