The TMA Florida Chapter’s Winter Conference included a panel discussion of turnarounds in higher education, a sector where significant distress has occurred and is expected to continue over the next decade. As if to punctuate the point, shortly after the conference Argosy University abruptly closed...

The financial distress being experienced by many, if not most, colleges and universities—large and small, public and private, for-profit and not-for-profit—was thrust into the public eye by the May 2015 Chapter 11 filing of Corinthian Colleges, which had 107 campuses, employed over 10,000 people,...

Supported by government funding of some $135 billion in student loans and grants each year, for-profit and not-for-profit colleges are big business. More than 13 million students receive loans and grants to help cover the costs of tuition, room and board, books, and living expenses. It is still the...