In the United States across the country are closing colleges

In the United States across the country are closing colleges

According to the government report, published this week, more than 5% of the non-profit American colleges have closed or ceased to receive Federal financial aid last year. Compared to previous periods, this indicator shows a noticeable leap, but also indicates a sharp decline in the sector of non-profit colleges.

The number of schools eligible to receive Federal assistance, a measure of how much schools are open across the country, in the 2016-2017 school year dropped 5.6%. This is the fourth year in a row the data show that the number of colleges receiving assistance has declined. However, in the 2015-2016 academic year, a decline of only 2%, and the year before — 1%.

In the United States across the country are closing colleges

The administration of many educational institutions forced to close their programs because of the threat of the rules of the Obama administration on the «paid activities» that reduce the chances of getting financial aid colleges where students for their education have to pay a huge student debt and little in return.

Eleven percent of the commercial colleges of the country – about 366 — closed or ceased to receive assistance last year, in connection with the introduction of government regulations and a sharp reduction in the number of applicants to them students, began in 2013. Many of such colleges, commercial ITT Technical Institute, closed down quite suddenly, literally drowning in a swamp of financial and legal problems, resulting in thousands of students have interrupted their education.

According to the report, since its peak in 2012 the number of commercial colleges decreased by 17% from 3,500 to 2,899 across the country.

In addition, there is a danger that soon the number of schools will fall even more. For example, one of the largest companies, EDMC, which owns colleges across the country, including the University Agrosy College and brown Mackie, has already announced its plans to close many of its buildings and currently is trying to sell the remaining.

According to the report, private non-profit schools also closed with amazing speed in the last academic year. Thirty-three non-profit College has closed or ceased to receive financial assistance in the period between 2015 and 2016 academic years. From such «disease» mainly affects small collegesthat do not receive donations and can not boast of special prestige.

The annual report of the National center for education statistics indicates the number of colleges that can annually apply for state financial aid. The vast majority of colleges in the country receive government funding, which helps them to stay afloat.

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