I was negligent yesterday: in noting the decision of North Central not to transfer the accreditation of colleges to for-profit entities, I failed to note the fallout of one of those decisions. Dana College in Nebraska announced it will close, essentially immediately, since its plan to be bought by a for-profit corporation was blocked.
We’ll discuss the broader outlook for small private colleges another day. But today I extend my thoughts and best wishes to the students and especially the 150 or so faculty and staff at Dana. I am sure they worked very hard to try to stay solvent and that this is a crushing blow.