Earnings and Enrollment Slide at University of Phoenix
Apollo Group -- which operates the University of Phoenix, the largest for-profit college -- says quarterly earnings slid by 79% from a year ago, as fewer students enrolled.
Apollo Group -- which operates the University of Phoenix, the largest for-profit college -- says quarterly earnings slid by 79% from a year ago, as fewer students enrolled.
In recent years, the number of students enrolling in for-profit educational institutions has more than quadrupled. Tuition is lower that at private colleges, and there's more flexibility. But there's good reason to worry that most of those students are wasting their money and time.
Former students in career-training programs at dozens of for-profit institutions have had so much trouble paying off their loans that the schools could lose access to federal student aid if they don't improve, the Department of Education reports.
Last week, President Obama signed an executive order to protect veterans, soldiers and their families from being swindled and hoodwinked by for-profit schools. Check out some of these shady behaviors, and you'll understand what set Obama off.







