Wed, Mar. 25, 7:32 AM
Tue, Mar. 24, 5:30 PM
Wed, Mar. 18, 11:33 AM
- Select for-profit education stocks have spiked higher despite a flurry of negative news on the sector over the last few weeks.
- The sector has an eye on Washington where a proposal by President Obama to make public junior college free is a potential threat to admission numbers.
- Advancers include Bridgepoint Education (BPI +6.2%), Apollo Education (APOL +1.7%), Corinthian Colleges (COCO +9.3%), Strayer Education (STRA +2.5%), ITT Educational Services (ESI +3.1%).
Thu, Mar. 12, 9:34 AM
- The Treasury Department and Department of Education are looking into a proposal to make it easier for student loans to be included in bankruptcies.
- Though the bankruptcy angle is only a small portion of the comprehensive Student Aid Bill of Rights aimed at the lending industry, it's expected to be one of the most controversial aspects of the proposed legislation.
- For-profit education stocks: APOL, CECO, COCO, DV, STRA, ESI, LOPE, APEI, LINC, BPI, LRN, EDU,
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."
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