National American University (NAU) will be closing the doors of its campuses in Rapid City and Sioux Falls, South Dakota, reports KOTA Territory News. The university links the series of closures to a large decline in profits (NAU is a for-profit university) and changing student preferences.
Revenue from tuition and other sources for NAU was down by 24 percent in the second quarter of the current fiscal year and continuing to lease their Rapid City and Sioux Falls locations only added to costs. These physical locations and the educational model they represent no longer fit the preferences of NAU students.
National American University have already closed campuses in Watertown, South Dakota, and Rochester and Minnetonka, Minnesota.
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