Inside the $440 Million Collapse of Guidepost Montessori

Ten years ago, a Montessori enthusiast named Ray Girn had a vision. He wanted to bring high-quality, child-led education to as many babies and toddlers as possible, with a chain of for-profit schools that would grow at the pace of a tech start-up. He spoke about doing for preschools “what ride-sharing apps or Airbnb have achieved,” and he raised $335 million from investors, including venture capital and private equity firms, to make it happen.

For a while, Mr. Girn’s schools, which operated under the brand Guidepost Montessori, appeared to be successful, with 150 locations that served tens of thousands of children. But they also ran up an astonishing $440 million in losses. The parent company, Higher Ground Education, filed for bankruptcy in June 2025 and shuttered about 60 schools.

In Oregon, parents received an email notification on a Sunday afternoon that their school effectively no longer existed. In Wisconsin, a father went to drop off his 5-month-old son at a Guidepost only to find it had closed. In California, a mother learned that her children’s Guidepost had been sold and that its Montessori curriculum would be replaced with artificial intelligence. Guidepost teachers and parents lit up Facebook and Reddit groups with horror stories — allegations of neglect and mistreatment that made a lot more sense now that everyone knew how mismanaged the company had been.

For-profit education ventures are notorious for disappointing investors and leaving parents fuming. But even in this context, the Guidepost story is striking. “Schools close sometimes, but usually not this many, and not all at once,” said Rebecca Winthrop, who directs the Center for Universal Education at the Brookings Institution.

Article source: https://www.nytimes.com/2026/09/13/business/guidepost-montessori-higher-ground-education-ray-girn.html