Ten With Ken (audio)

2016 in 6 Words: For-Profit Fortunes

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Synopsis

Ken Steele's 10th annual higher ed "year in review" continues with part 3, a look at the fall – and rise – of for-profit fortunes in 2016. In the previous two episodes, we looked at the proliferation of free college tuition policies across North America, the rise of anti-intellectualism and protectionism, and some of the implications for international education. (If you missed them, check out part 1 at https://youtu.be/CZ6nuznRV_I , and part 2 at https://youtu.be/AWuE7EhoejI ).   6) FOR-PROFITS For decades now, massive for-profit schools like the University of Phoenix and Kaplan University have been rewriting the rules of higher education, and transforming the landscape. Last year was their annus horribilis, but also likely marks a turning point to much better times ahead. For 8 years, the Obama administration aggressively prosecuted for-profit colleges and universities for deceptive marketing, fraudulent enrolments, and high rates of student loan defaults. Collectively, they were receiving more than $20 bill