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For-profit alert: University of Phoenix goes on probation with the DoD

  • Apollo Education (NASDAQ:APOL) discloses in a SEC filing that its University of Phoenix subsidiary business is on probation with the Department of Defense due to violations.
  • The DoD is considering whether it will terminate its Voluntary Education Partnership Memorandum of Understanding with Phoenix.
  • SEC Form 8-K
  • APOL -3.24% premarket to $11.96. Government action within the for-profit sector has impacted trading across the sector in the past.
  • On watch: CECO, DV, STRA, ESI-OLD, LOPE, APEI, LINC, BPI, LRN, EDU, OTC:NAUH.

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APOL--
Apollo Education Group, Inc.