For-profit sector makes substantial cutsInside Higher Ed.
On 6 May two of the largest for-profit chains announced substantial cuts. Education Management Corporation, or EDMC, said it would gradually phase out 15 of 52 campus locations of the Art Institutes, which is one of the better known brands among for-profits. Roughly 5,400 students attend the closing campuses.
Likewise, Career Education Corporation unveiled a broader restructuring, saying it will close or sell everything but its Colorado Technical University, or CTU, and American InterContinental University, or AIU, holdings. Those two universities, however, enrol most of the for-profit's roughly 45,000 students – 20,300 for CTU and 13,500 for AIU, according to company officials.
Full report on the Inside Higher Ed site