For-Profit Colleges Get Schooled: Sector Suffers as Students Turn Back to Traditional Institutions from the Wall Street Journal
"As consumers wise up about education spending, for-profit colleges are getting schooled. Institutions such as Apollo Group Inc.'s APOL +0.51% University of Phoenix, DeVry Inc. DV +24.93% and Washington Post Co.'s WPO +0.01% Kaplan—who only a few years ago reported double-digit student gains on a regular basis and posted hundreds of millions in profits—now are hemorrhaging students. The storm was supposed to have passed for for-profit colleges when proposed regulations restricting access to federal student aid were watered down, and then overturned earlier this year. But some schools are still hurting, and it looks like the pain won't let up any time soon. Melissa Korn has details on The News Hub. Photo: Zuma Press. They are facing increased competition from nonprofit and state schools and growing skepticism about the value of a high-cost education."
"As consumers wise up about education spending, for-profit colleges are getting schooled. Institutions such as Apollo Group Inc.'s APOL +0.51% University of Phoenix, DeVry Inc. DV +24.93% and Washington Post Co.'s WPO +0.01% Kaplan—who only a few years ago reported double-digit student gains on a regular basis and posted hundreds of millions in profits—now are hemorrhaging students. The storm was supposed to have passed for for-profit colleges when proposed regulations restricting access to federal student aid were watered down, and then overturned earlier this year. But some schools are still hurting, and it looks like the pain won't let up any time soon. Melissa Korn has details on The News Hub. Photo: Zuma Press. They are facing increased competition from nonprofit and state schools and growing skepticism about the value of a high-cost education."
No comments:
Post a Comment