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Shares of ITT Education (ESI -15.2%) take a big hit after its Q2 misses Street expectations this...

Shares of ITT Education (ESI -15.2%) take a big hit after its Q2 misses Street expectations this morning. Total revenue dropped 15% Y/Y as new-student enrollment continues to decline. For-profit educators have seen new-student enrollments tumble amid changes to their admissions practices and increased public scrutiny over the schools' educational values. The news is also dragging on Apollo Group (APOL -4.1%), which runs The University of Phoenix.
Comments (3)
  • hahahah...these are not schools. America's private, public, and on-line universities have become student loan delivery devices, where 200 students pay $3000 a pop to take a class taught by an adjunct paid $2500 for 3 months work...and that ONLY AFTER grades (no "f's" please, it affects out students esteem!) are submitted. DIE ESI, die!
    26 Jul 2012, 11:30 AM Reply Like
  • It is so disconcerting to see people lump all of these schools into one pot. Some are disreputable yes. Some are not. The same can be said for traditional universities. Some are really good and some are not. I don't remember ever being guaranteed a job when I graduated by one of these schools. Perhaps we should start looking at the mentality of students who come to the universities wanting to get the degree but not do the work.

     

    I have graduate degrees from both sides of this fence. I worked harder in some of the online classes than I ever did in the traditional classroom. And, as a faculty, I'm well aware of the pay policies, as I have also taught in both. I am my colleagues have given Ds and Fs and do hold students accountable. Your comments may apply to some schools but not to all. To lump them together is wrong. Faculty, like the schools fall under the Bell curve like cyclists and another other group. Some are exceptional and some are awful. And a vast majority in between work very hard to be the best they can be.
    27 Jul 2012, 01:53 AM Reply Like
  • Good riddance to these taxpayer funded, blood sucking for profit schools
    27 Jul 2012, 08:45 AM Reply Like
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