Why are public universities buying for profit colleges? —

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Some public universities in the US are starting to think like private businesses.

In early August, the University of Arizona announced it will acquire Ashford University, a for-profit online university with roughly 35,000 students, for $1 from Zovio, a publicly traded education company. The deal gives the land-grant public institution a stronger presence in online education that it says will allow it to reach more students.

Under the terms of the deal, University of Arizona will create a non-profit entity called University of Arizona Global Campus that will maintain its own accreditation, faculty, and academic programs. Zovio will provide education technology services and receive 19.5% of the tuition revenue.

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