29 Mar '15, 10pm

Investing in Education Domains ? University of Phoenix has lost half its Students

What happened: Apollo’s fast fall is another sign of the decline in for-profit education. Last July, one of Apollo’s former competitors, Corinthian Colleges, shuttered its doors. In 2012, the University of Phoenix closed 115 of its campuses. Once a cash cow industry, for-profit education companies have struggled to overcome criticism of the quality of its education and the costs. They’re the sore spot in the national debate about value of higher education. For-profit colleges only enroll roughly 12% of the country’s students, but students at for-profit colleges accounted for about half of student loan defaults in 2013, according to federal data . On a call with analysts Wednesday, Apollo noted that default rates at the University of Phoenix have actually declined significantly in recent years. But the headwinds continue for for-profit institutions in the U.S. Last March, t...

Full article: http://www.thedomains.com/2015/03/29/investing-in-educati...

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