As colleges open for the fall semester, the Lutheran school on a grassy hill overlooking town will sit empty for the first time in 126 years.
Dana College closed abruptly in June after a long financial struggle. The fate of the private, 600-student liberal-arts school mirrors that of many small colleges whose challenges became more pronounced during the recession. But some officials at Dana think the school was also an innocent victim of a crackdown on for-profit colleges.
Investors proposed to buy Dana and turn it into a profitable operation. But an accrediting agency effectively pulled the lifeline away by denying the college’s application to change ownership. Such accrediting agencies were facing pressure from federal education officials, who accused some of being too lenient in certifying for-profit schools with lax standards. Officials said such schools often pushed students to take on heavy debt loads without preparing them for careers.