For-Profit College, Online Since 1993, Will Close

Jones International University, a for-profit online college based in Colorado, will close because of declining enrollment, The Denver Post reports. From 2011 to 2014, enrollment at the institution dropped by more than 50 percent.

“We examined a number of operational strategies and determined that none would be sufficient to turn around the market dynamics,” the chief college’s operation officer, Bryan Wallace, told the Post.

College officials said the institution wouldn’t completely shut down until it had helped all of its roughly 2,000 students earn degrees or transfer.

The online college was founded in 1993 and was accredited in 1999, the first such institution to win recognition from a regional accreditor.

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• Source: Denverpost

Posted: 04/02/2015 05:33:39 PM MDT Updated: 04/02/2015 05:33:46 PM MDT Jones International University, the first online-only university, is winding down and will close next year due to declining enrollment and competition, the school said Thursday. The Centennial-based school notified students and faculty this week and said it won’t close until it has helped every student graduate or transfer to a new school.

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