And no kids. The hundreds of students who stream into dozens of spartan meeting rooms each weekday evening for four-hour classes range in age from 23 to 60. Students meet twice a week for six weeks per course and get credit for ''life experience'' toward bachelor's and master's degrees, mostly in business and information technology. Teaching faculty, entirely part-time and tenureless, come from industry and teach from a standardized script. It may be, as critics call it, McEducation.
Investors love it, too.
We intend to operate in every major metropolitan area of the U.S.'' Phoenix thrives so conspicuously because it acknowledges a profoundly changed higher-education market. It and the other new venues stand to win a big share of the surge in college enrollment expected over the next decade as Echo Boomers emerge from high school and as more adults seek continuing education. And they must adapt rapidly. Milken, Jones, and Sperling will be happy to accommodate.