Online school being bought by group of investors, any info? - aju

Discussion in 'General Distance Learning Discussions' started by blaterson, Mar 25, 2011.

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  1. blaterson

    blaterson New Member

    It seems Andrew Jackson University have sent out an email stating their buyout by an investment group. The email only states they are upgrading their invoice and billing systems. I haven't been able to find anything about it at all, wondering if there is any other news, or impact on students (later on).
     
  2. John Bear

    John Bear Senior Member

    Since AJU owner Joe Schmoke apparently had no prior experience in higher education -- Harley Davidson agency, Russian auto dealer group, web design services, stockbroker, etc. -- he presumably doesn't feel a need to follow the academic tradition of introducing new owners or new management to the university community. Or perhaps that'll come later.
     
  3. Chip

    Chip Administrator

    There are a large number of such transactions going on these days. Equity firms are buying schools up left and right because they see them as cash cows.

    In some cases, this can take a good but underfunded school and bring it additional resources to improve programs.

    In many others, it can signal the decline of a formerly excellent program as the new owners cut corners in every way possible.

    Caution is advised.
     
  4. NewTown

    NewTown New Member

    Well thank God they are updating their billing and invoicing systems. Not student support, not upgrading classroom delivery systems but billing and invoicing. I smell a tuition hike coming!
     
  5. Andy Borchers

    Andy Borchers New Member

    Accreditation issues with buy outs

    A major break is being applied to buy outs of educational institutions - regional accreditors aren't rolling over. Changes in ownership will spark review - and HLC, for one, isn't allowing them to move forward. Without RA, these deals aren't going to be attractive.

    R Andy
     

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