Thursday, March 26, 2015

University of Phoenix is Losing Students, Stock Value

Posted By on Thu, Mar 26, 2015 at 9:00 AM

click to enlarge ILLUSTRATION
  • Illustration

It looks like all the bad press for-profit colleges have earned recently has taken a toll on the University of Phoenix. Its enrollment has been cut in half over the past five years, from 460,000 to 213,000. Between Tuesday afternoon and Wednesday morning its stock dropped from 28.04 to 22.17 and is at 19.62 as I write this. 

The reason is the bad reputation for-profit colleges have picked up recently. Problems have been reported on for years by the less-than-mainstream press but was only reported by the MSM, then acted on by the Obama administration, more recently.
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 accounted for about half of student loan defaults in 2013, according to federal data.

Those types of stats spurred the Obama administration last March to limit federal aid dolled out to for-profit colleges — a challenge for places like the University of Phoenix.

President Obama announced another initiative in January to make community college free. For-profit universities compete for many of the same students that community colleges take in.

What's ahead: The numbers are telling: Apollo Education Group had revenues close to $5 billion in 2010. This year it will be lucky to take in $2.7 billion.

Tags: , , ,

Comments (4)

Showing 1-4 of 4

Add a comment

 
Subscribe to this thread:
Showing 1-4 of 4

Add a comment

Today | Mon | Tue | Wed | Thu | Fri | Sat
Meditation and Buddhist study

Meditation and Buddhist study @ Sky Island Zen

Tuesdays, Saturdays

All of today's events | Staff Picks

Staff Pick

Tucson Greek Festival

Eat, Drink & Dance Like a Greek! Authentic Greek food and pastries Family friendly activities Live Greek… More

@ St. Demetrios Greek Orthodox Church Thu., Sept. 27, 5-10 p.m., Fri., Sept. 28, 5-11 p.m., Sat., Sept. 29, 4-11 p.m. and Sun., Sept. 30, 12-5 p.m. 1145 E. Fort Lowell Road.

» More Picks

Submit an Event Listing

Popular Content

  1. Humane Society of Southern Arizona Aims to Adopt Out 25 Pets on Friday (The Range: The Tucson Weekly's Daily Dispatch)
  2. Marcus Coleman Named Inaugural Tucson Indoor Football Head Coach (The Range: The Tucson Weekly's Daily Dispatch)
  3. Claytoon of the Day: Google Gestapo (The Range: The Tucson Weekly's Daily Dispatch)
  4. David Garcia Declared Winner in the Arizona Democratic Governor's Race (The Range: The Tucson Weekly's Daily Dispatch)
  5. McSally Cruising To Victory, Setting Up Expected November Showdown Against Sinema (The Range: The Tucson Weekly's Daily Dispatch)

© 2018 Tucson Weekly | 7225 Mona Lisa Rd. Ste. 125, Tucson AZ 85741 | (520) 797-4384 | Powered by Foundation