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After a chain of for-profit colleges abruptly closed, The Chronicle of Higher Education conducted an in-depth analysis of federal data related to closures. The analysis, which required extensive data work, showed that more than 1,200 college campuses closed in the last five years - an average of 20 closures per month. These closures displaced roughly 500,000 students, most of whom were working adults. The data showed that most of these displaced students were at least 25 years old, and about 57 percent are racial minorities. The vast majority of displaced students - nearly 85 percent - attended a for-profit college. The for-profit industry has received scant oversight from the Trump administration, despite the industry's long history of problems. The Chronicle's investigation highlighted the need for greater oversight of this troubled sector of higher education.