Strayer to ac­quire Capella Ed­u­ca­tion for $1.9B

Daily Sabah (Turkey) - - Business -

STRAYER Ed­u­ca­tion is ty­ing up with Capella Ed­u­ca­tion in a deal worth about $1.9 bil­lion un­der an ad­min­is­tra­tion that looks much more fa­vor­ably at non-profit schools that had come un­der a harsher spot­light in re­cent years. The two schools, how­ever, stood out from oth­ers mired in in­quiries about stu­dents left with large debts and lim­ited prospects. Strayer Uni­ver­sity and Capella Uni­ver­sity will con­tinue to run as in­de­pen­dent in­sti­tu­tions with sep­a­rate boards. The tie-up of schools comes as the U.S. Ed­u­ca­tion Depart­ment con­sid­ers rolling back Obama-era rules that would have erased fed­eral loans for stu­dents de­frauded by for-profit col­leges. Strayer and Capella to­gether serve about 80,000 stu­dents across all 50 states. Both univer­si­ties will op­er­ate un­der Strayer Ed­u­ca­tion Inc., with cor­po­rate head­quar­ters in Hern­don, Virginia. Strayer Ed­u­ca­tion will be re­named Strate­gic Ed­u­ca­tion Inc. and still use the ticker sym­bol “STRA.”

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