Trader T

A Second Look at Educational Services and Student Lending Problems

Nice write-up. Both the tech build-up and the year after the tech bubble burst were good to the for-profit educators since they are more nimble at meeting market needs than traditional colleges. They reacted by providing computer tech degrees during the build-up and retraining into medical and other fields after the bubble burst.
This down-turn is different since it is an 'across-the-board malaise' that doesn't lead as easily to re-training as an obvious solution. Additionally, the for-profit's have the burden of a tightened credit market. I think they all will have a tough couple of years ahead and we may see some thinning of the herd (CECO?).