Fri, Jan. 9, 3:03 AM
- President Obama has unveiled a proposal to make community college free for the first two years, with federal funding covering three-quarters of the cost and states that participate contributing the rest.
- "We have to make sure that everybody has the opportunity to constantly train themselves for better jobs, better wages, better benefits," announced Obama.
- The White House expects an estimated 9M students to participate in the program and save $3,800 a year on tuition.
- Education Stocks: CECO, STRA, COCO, ESI, ITT, BPI, LINC, DV, LOPE, APEI
- APOL -0.7%; EDMC -6.1% AH
Thu, Jan. 8, 12:47 PM
Thu, Jan. 8, 9:15 AM
Thu, Jan. 8, 8:03 AM
- Apollo Group (NASDAQ:APOL) reports University of Phoenix degreed enrollment fell 13.5% to 227.4K in FQ1.
- New degreed enrollment was 5.0% lower than a year ago at 39,600.
- Segment revenue: University of Phoenix: $592.85M (-20.41%); Apollo Global: $114.14M (26.31%); Other: $11.06M (-8.80%).
- Segment operating income: University of Phoenix: $93.51M (-49.03%); Apollo Global: -$4.84M; Other: -$28.18M.
- FQ2 Guidance: Net revenue: $580M to $595M; Operating loss: $25M to $35M.
- FY2015 Guidance: Net revenue: $2.74B to $2.80B; Operating income: $250M to $290M.
- APOL -5.84% premarket.
Thu, Jan. 8, 7:37 AM
Wed, Jan. 7, 5:30 PM
Sat, Jan. 3, 10:50 AM
- "The for-profit sector is dead," is the grim assessment from sector pioneer Michael Clifford.
- Tougher federal regulation enforced by the Obama administration and increased scrutiny by students on the value of diplomas have chipped the growth story down to a nub.
- Excess capacity in the sector could lead to tuition price cuts in 2015, warn analysts, particularly for post-secondary medical and technology programs.
- On watch: DV, APOL, STRA, ESI, CPLA, BPI, EDMC, COCO, APEI, LINC, NAUH.
- Grand Canyon Education (NASDAQ:LOPE) could be the outlier in the group. The stock managed a 4.6% over the last year on a higher mix of traditional campuses.
Oct. 21, 2014, 8:34 AM
Oct. 21, 2014, 7:33 AM
Oct. 20, 2014, 5:30 PM
Jul. 14, 2014, 5:37 PM
Jul. 14, 2014, 5:05 PM
- Apollo Education (NASDAQ:APOL) discloses the Department of Education plans to "conduct an ordinary course program review of University of Phoenix's administration of federal student financial aid (Title IV) programs in which the University participates."
- The review will "cover federal financial aid years 2012-2013 and 2013-2014, as well as compliance with the Jeanne Clery Disclosure of Campus Security Policy and Campus Crime Statistics Act, the Drug-Free Schools and Communities Act and related regulations."
Jun. 25, 2014, 8:25 AM
- Apollo Education (APOL) +1.7% premarket after FQ3 earnings beat expectation, although revenues fell 15.5% Y/Y to $799.9M.
- University of Phoenix enrollment totaled 241,900, a 16% decline but ahead of the company's forecast of 230K by August; new enrollment fell 13% Y/Y to 33,900.
- APOL narrows its outlook range for the year, now expecting revenue of $3.04B-$3.06B and operating income of $420M-$435M; it had previously forecast revenue of $3B-$3.1B and operating income of $400M-$450M.
- Today could be a stomach-churning ride for investors, if history is a guide: The average move for shares in either direction on earnings day during the last five years has been 10.7%.
Jun. 25, 2014, 7:32 AM
Jun. 24, 2014, 5:30 PM
Jun. 11, 2014, 11:30 AM| 22 Comments
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