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Shares of for-profit colleges surging today after a report from Signal Hill Capital speculates...

Shares of for-profit colleges surging today after a report from Signal Hill Capital speculates that proposed industry regulations won’t reduce profit as much as had been projected. EDMC +11.4%, BPI +9.7%, CPLA +9.1%, COCO +7.1%, APOL +4.8%, CECO +3.5%.
Comments (1)
  • Matthew Green
    , contributor
    Comments (457) | Send Message
     
    Just like they manipulate their measurements of default (the cohort default rate only measures defaults within the first two years), they, the schools, will manipulate the definition of gainful employment. One thing they have also been doing to boost their placement rates is hiring graduates of their own programs. Considering the jobs that many of their graduates are ending up in, they may have to do that more often if this gainful employment regulation is actually passed in its current form.
    19 Jul 2010, 04:41 PM Reply Like
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