Thanks to a hastily adopted stopgap measure signed into law this month by Gov. Arnold Schwarzenegger, some 400,000 students attending proprietary colleges in California will again be afforded some level of promise that the degrees and credits they earn will be recognized outside the state.
The nonprofit Touro College announced this morning that it had signed a deal to sell its 7,500-student online division to a private-equity fund — in a transaction that signals investors’ continuing confidence in distance education as a way to make money in higher education.
Thanks to a hastily adopted stopgap measure signed into law this month by Gov. Arnold Schwarzenegger, some 400,000 students attending proprietary colleges in California will again be afforded...