A proposed merger between two small colleges in Newton is off the table. Lasell College has ended talks of merging with another struggling school, Mount Ida. The dead deal reflects how hard it is for small colleges to stay afloat in a competitive higher education marketplace.
It's unlike any deal we've seen in the history of higher education. For the first time, a state university is buying a for-profit college.
Earlier this month, a regional accreditor in Indiana approved Purdue University's acquisition of Kaplan University. While Purdue administrators cast this as a move to enroll more adult students, some faculty and outside observers are deeply skeptical.