- Apollo Education (NASDAQ:APOL) is down 10.6% to $11.05 after disclosing that the University of Phoenix is on probation with the DoD.
- Phoenix is no longer allowed to recuit on U.S. military installations.
- As tipped earlier, the for-profit sector is on edge with the ruling. Bridgepoint Education (BPI -3%), Career Education (CECO -2.2%), DeVry (DV -1.5%), Strayer Education (STRA -1.4%), and ITT Educational (ESI-OLD -1.1%) are some of the names trading off a bit.