February 1, 2016 – February 8, 2016

Industry Related Reports

National News

  • Apollo Education to be Taken Private by Consortium
    “Struggling for-profit college group Apollo Education has announced it will be taken private by a consortium in a deal valued at $1.1 billion. The consortium includes the Vistria Group, which is affiliated with Apollo Global Management, a US private equity firm, and Najafi Companies, a private investment firm based in Phoenix….”
  • More For-Profits in U.S. Crosshairs
    “Two proprietary institutions lose federal financial aid after a series of investigations by the U.S. Department of Education….”
  • Geography Matters
    “Most public college students enroll within 50 miles of home, so location is more influential than policy makers think, a new study finds….”
  • Higher Ed Overhaul Unlikely in 2016
    “Lawmakers and observers alike are skeptical that the Higher Education Act will be renewed this year….”
  • State Support on the Rise
    “The Grapevine report, released today, shows a slow but steady increase in state funding over the last few years. Between the 2015 and 2016 fiscal years, 39 states reported increases in state funding, while only nine reported decreases….”
  • Partnering to Expand Access and Strengthen Reputation
    “By partnering with a major university and employer on the Engineering Academy, colleges can create unprecedented access to STEM programming for traditionally underserved students while strengthening their own reputation in the process….”
  • Adapting to the Challenges of Today’s Postsecondary Environment
    “The current era is one of upheaval and challenges for higher education, but also one rife with opportunity for those institutions that can adapt to and succeed in the current climate….”
  • Shifting Student Expectations Have Reshaped the Higher Ed Landscape
    “Higher education is shifting because its core constituents—students—are starting to behave more like customers and are less forgiving of some of the inefficient and ineffective aspects of the academy not tailored for a strong customer experience….”

Local News

Kentucky

  • KU Plans to Construct New 750-Bed Apartments for Student-Athletes, Traditional Students
    “For years, Jayhawker Towers has been synonymous with the on-campus home away from home for Kansas University athletes. But that soon will change. KU athletic director Sheahon Zenger confirmed to the Journal-World Monday evening something that KU recruits have been hearing about for the past several weeks — there are new living quarters coming and they’re going to be spectacular….”

Maryland

New York

  • 850-Bed On-Campus Student Housing Development Project at Cornell University
    “EdR, a leader in the ownership, development and management of quality collegiate housing, announced that the finance and buildings and properties committees of the Cornell University Board of Trustees recently approved EdR to develop, finance and construct on-campus housing tailored for graduate and professional students….”

Pennsylvania

  • College Towns Get New Housing, but It’s Decidedly Not Dorms
    “But the 28-story tower at 3601 Market Street was not built to house any of Drexel’s 16,900 undergraduates…Instead, it aims to attract young professionals — junior faculty, office workers and young doctors — to live in University City, a West Philadelphia neighborhood that is also home to the Children’s Hospital of Philadelphia and the Penn Presbyterian Medical Center….”

Texas

  • Austin’s American Campus Expects to Net $615M in Stock Offering
    “Austin-based student housing company American Campus Communities says that it will net more than $615 million from a new offering of its common stock. American Campus said it sold 15.6 million shares of its common stock at $41.25 per share. The company also granted the underwriters for the offering a 30-day option to purchase up to 2.34 million shares….”

World News