With the US Department of Education firing 85 of an estimated 95 lawyers in General Counsel, subprime colleges and online program managers will have a field day. According to one industry expert, it could be "like the Wild West," with no oversight over the buying and selling of schools. And that also means that the College Meltdown could get worse even faster than we imagined. The Higher Education Inquirer is already monitoring a number of potential sales, including the University of Phoenix. We are also expecting a number of schools to be insolvent in 2025, leaving students in a lurch, with little or no warning.
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