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Higher Ed Dive
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We provide business journalism and in-depth insight into the most impactful news and trends shaping higher education
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Higher Ed Dive provides in-depth journalism and insight into the most impactful news and trends shaping higher education. The daily email newsletter and website cover topics such as education policy, blended learning, classroom tech, online learning, MOOCs, learning management and more. Higher Ed Dive is a leading industry publication operated by Industry Dive. Our business journalists spark ideas and shape agendas for 13+ million decision-makers in the most competitive industries.
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Higher Ed Dive reposted this
Last week, EdTech company 2U filed for Chapter 11, with a prepackaged plan of reorganization that will cut its nearly USD 1bn funded debt load by more than half. Debtwire has been following the company for a while, and back in April I spoke with Ben Unglesbee for Higher Ed Dive about our Credit Research on the organization and why it was expected that the debt-holders would likely prefer restructuring over liquidation: https://lnkd.in/e3Zx_x_E With the filing, 2U’s Restructuring Support Agreement allows for $110m of new capital, will reduce debt by 50% to $459m and extend maturities of the revolver and term loans by two years. This restructuring plan should allow the company to move forward in a more productive manner now that it doesn't have to worry about liquidity constraints and upcoming maturities. Moving forward, it can focus on driving profitable business operations. Subscribe to Debtwire to keep up to date with this case and our market analysis and data: https://lnkd.in/emeJHTr6 #education #bankruptcy #Chapter11
A look at 2U’s path to bankruptcy
highereddive.com
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Higher Ed Dive reposted this
Higher Ed Dive interviewed Mark La Branche, author of "Inside College Mergers," and contributor Mablene Krueger to discuss college mergers and acquisitions. https://lnkd.in/eSQZjJHr
How to navigate a potential merger — from college leaders who have been there
highereddive.com
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Hampshire College is laying off 9% of employees in a major operations #restructuring amid lower-than-expected #enrollment growth for the upcoming academic year, the institution’s president confirmed Monday.
Hampshire College to cut 9% of employees in restructuring
highereddive.com
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St. Catherine University told Higher Ed Dive it is eliminating almost a dozen staff positions, with a majority of the cuts stemming from the closure of its early childhood center.
St. Catherine University eliminates staff roles as it grapples with deficits
highereddive.com
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Birmingham-Southern College, in Alabama, will close May 31, after a failed year-and-half campaign to secure $37.5 million in federal, state, county and city aid, college officials announced Tuesday. The financially distressed college got partway to that goal, and lawmakers tried to give it a second chance in the form of a $30 million state loan program. But the state’s treasurer denied #BirminghamSouthern’s loan application in October.
Birmingham-Southern to shutter May 31
highereddive.com
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For talent professionals, this means #upskilling initiatives and the hiring process should include a focus on #softskills.
Soft skills lead to faster promotions, LinkedIn data shows
highereddive.com
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Alabama’s treasurer denied the institution’s application for a $30 million loan last month, throwing its future into question.
A timeline of Birmingham-Southern College’s bid to stay open
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UCLA’s ExcEL Leadership Academy aims to use #microcredentials to create a pathway for current teachers to earn multilingual certification.
Can microcredentialing help address teacher shortages?
highereddive.com
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Colleges should focus on teaching the #lifeskills that will outlast inevitable technological changes, the president of High Point University contends.
How universities can prepare graduates for an AI-driven world
highereddive.com