How America’s College-Closure Crisis Leaves Families Devastated
Michael Vasquez and Dan Bauman, The Chronicle of Higher Education
In the last five years, about half a million students have been displaced by college closures, which together shuttered more than 1,200 campuses.
Many of those affected are working adults living paycheck to paycheck. But college closures don’t just disproportionately hurt older students. They have severely hit low-income students, too: Nearly 70 percent of undergraduates at closed campuses received need-based Pell Grants. Black and Hispanic students also bear the brunt. About 57 percent of displaced students are racial minorities.
Most of the closures have one thing in common: It was a for-profit college that shut down.