Word: flunkout
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Dates: during 1970-1979
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...small-town businessmen on the model of Parsons College in Fairfield, Iowa. All were inspired by Millard Roberts, the hard-sell Presbyterian minister who transformed Parsons during the early 1960s into a high-cost "second chance" for dropouts. Parsons eventually lost its accreditation and earned the nickname of "FlunkOut U." Four of the colleges modeled on it, including Hiram Scott, were destined for bankruptcy...
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