Inside Higher Ed
February 23rd, 2015
It used to be simple. For decades, providers of higher education were
either nonprofit (the vast majority, public or private) or for-profit,
sometimes massive, like the University of Phoenix, and more commonly the
nearby business or trade school.
More recently, gradations appeared. In the 2000s private investors
bought and transformed struggling nonprofit institutions to capitalize
on their existing accreditation. In the last few years, numerous joint
ventures emerged (sometimes controversially) in which nonprofit colleges
and universities teamed up with for-profit companies to create new
providers that had both nonprofit and for-profit elements.