Non-Profit buys For-Profit

Discussion in 'General Distance Learning Discussions' started by Kizmet, Mar 6, 2020.

  1. Kizmet

    Kizmet Moderator Staff Member

  2. Neuhaus

    Neuhaus Well-Known Member

    This is, intend, proving to be a trend. The non-profits were behind the curve in terms of the tech and the marketing. The for-profits were lacking in the credibility (often). I'm curious if we'll see another acquisition of a larger operator like we did with Kaplan.
  3. AsianStew

    AsianStew Active Member

    Thanks for this post Kizmet! I found out that NEC has an online doctorate - DBA. It indicates it can be just $30K for alumni (Master graduates only). I won't know until I ask, but that price is amazing if it will work for any of the Masters. Each master will cost roughly $22K. So for about $52-53k, a Master/Doctorate can be had.
  4. John Bear

    John Bear Senior Member

    I gave a talk at DEAC many years ago, in which I proposed that some non-profit school had bought the University of Montana. It was sort of satire at the time . . . or maybe prescience.
    SteveFoerster and Maniac Craniac like this.

    GTFLETCH Member

    Super smart move by Cambridge College: they get to add 1500 students and they get to add the New England College of Business Online model... I will be shocked if we do not see more of this in the next decade ad Colleges try and increase enrollment
    SteveFoerster likes this.
  6. Kizmet

    Kizmet Moderator Staff Member

    Perhaps I didn't read carefully enough but it was unclear to me whether NEC will shift it's status to non-profit or whether it will remain for-profit but under the umbrella of Cambridge. The article seemed to say both.

    TEKMAN Semper Fi!

    Since they are changing the name, so I assume they are going to make it as non-profit. The President of Cambridge College will serve as Executive Director of New England Institute of Business and Finance at Cambridge College.
  8. RobynPhD

    RobynPhD New Member

  9. Kizmet

    Kizmet Moderator Staff Member

    I understand your thinking but it is, in the end, just an assumption and not a stated fact. To me it remains unclear.
  10. bceagles

    bceagles Member

    This is great! I hope we see more consolidation and fast. I’m surprised this hasn’t already been a major trend. With so many small, long standing colleges struggling, strategic moves like this can help everyone (IMO).
    Keep me’ coming!
  11. JohnGTG

    JohnGTG New Member

    I did not expect that. I thought the non-profit would be non-profit all the way. I guess non-profit could become partly-profit in some way.

    Well, one thing stays constant. A graduate of a Finance school can never become non-graduate.

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