For-profit institutions hit a major speed bump years ago when politicians, advocates and students stood up against large for-profit chains to criticize their often-poor relative debt levels, job market payoffs and recruitment efforts that often target vulnerable populations.
Some collapsed. New regulations were born. Mergers, acquisitions and attempts to transition to nonprofits are still plentiful.
But those that are left find themselves on another precipice. The credit-rating agency S&P Global this week announced that the novel coronavirus has sent the global economy into a recession. The agency warns that the damage is about to get worse in Europe and the United States.