Thirty campuses belonging to two for-profit chains will close during the next few weeks, it seems. They aren’t sacrificing any queens, but resigning the game.
CEC will close all 14 branches of its Sanford-Brown and Sanford-Brown Institute campuses and sell its Briarcliffe College, Brooks Institute and Missouri College brands, affecting roughly 8,600 currently enrolled students.
“Students enrolled at the closing schools will be able to finish out their degrees, but the schools will stop enrolling new students,” notes Fortune. There will be “[a]bout 5,400 students attend the campuses slated for closure” by EMC, according to MarketWatch.
These closures come close on the heels of the Corinthian meltdown, pointing to a building trend. PBS wonders if we’re seeing a massive for-profit post-secondary “slump“. ThinkProgress sees this as a bubble in mid-burst. Mainstreet thinks of it as a collapsing house of cards.
What will happen to their students, staff, and faculty?
(thanks to Jeff Benton)