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.
for-profit education
Wall Street Watch: IBM's Earnings Are Still Playing Catch Up
Jaded investors are starting to realize why IBM is often referred to as Big Blue. The tech giant posted mixed financial results after Tuesday's market close, missing Wall Street's revenue targets for the fifth consecutive quarter.
Why College May Not Be the Best Choice for Your Education Dollar
Middle class Americans are fairly fervent in their belief that the route to career success has to run through a good college. But the numbers don't lie: Vocational studies might offer many the best chance at a solid career and a lifetime free of debt.
When Is an 'Affordable' College a Bad Deal?
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.
Private Student Loans: Subprime Mortgages of the College World
Student loan debt is a $1 trillion issue today, but according to the Consumer Financial Protection Bureau, one fairly small part of the student loan market appears to be most responsible for many of the problems borrowers face: private student loans.
Obama Orders For-Profit Schools to Stop Scamming Our Troops
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.
What to Watch This Week: Seeds, Sex, Schools and FedEx
On Monday, the stock market will take the day off to shake the confetti out of its hair. But on Tuesday, it'll be back to business as usual on Wall Street. Here are some of the items that will shape the first trading week of 2012.
For-Profit Education Enriched at Expense of Students, Staff
The for-profit education industry takes concepts of building customer loyalty through good service and turns them upside down: It preys on society's weakest members and hires desperate sales people who must harass these people into borrowing money they're unlikely to ever repay.
America's Thriving Poverty Business
Business is booming for companies that reap profits from the growing number of Americans with their backs to the financial wall. Former New York Times reporter Gary Rivlin's new book Broke, USA dives into the world of pawnshops, payday lenders and the rest of the "poverty business."
A Roadblock for New Rules on Loans at For-Profit Colleges
Consumer advocates have been pushing for the government to curb excessive debt loads among graduates of for-profit colleges. But Education Department rules on this issue have been delayed. The regulations should be passed -- and extended to all colleges, not just for-profit ones.
Reform Is Coming to For-Profit Education Industry
The for-profit education industry has grown rapidly for the past decade on the backs of the most vulnerable members of society. But now, with the Education Department on track to clamp down on abuses, and the Senate planning hearings, it looks like the party may be ending.
Selling Education Short: For-Profit School Stocks May Be Ripe for a Fall
Since George W. Bush gutted regulations on the for-profit education industry, it has reaped huge profit growth, while appalling percentages of its students drop out with no degrees and big debts. Reregulation could lead those profits to plummet.