TYT: University of Phoenix Is Hemorrhaging Students

[WhoIsNumberNone]

"The University of Phoenix probably wishes the students were just cutting class. But many aren't even enrolled anymore.

Enrollment at America's largest for-profit university was about 460,000 students five years ago. Now it's 213,000.

The University of Phoenix's parent company, Apollo Education Group, announced more losses Wednesday. Its revenues and enrollment both sank roughly 14% in its latest quarter compared to a year ago.

Apollo CEO Greg Cappelli tried to strike an optimistic tone, but investors gave the stock an "F" for falling. The stock tanked over 20 percent Wednesday.

"While we faced challenges in the second quarter, we believe Apollo Education Group has the right long-term strategy in place," Cappelli said in a statement."

Read more here: http://www.abc15.com/news/national/university-of-phoenix-has-lost-half-its-students

[daleanime]

1. Of course, for profit....

not for students.

[RKP5637]

2. Yep, students are just useful tools for them to extract money from for profit. n/t

[get the red out]

3. Good news

For profit schools are legal con artists. I once worked for a for profit school, not this one, much smaller. It was a joke, and what they charged was outrageous. I couldn't stand that job long, I took one that paid less to get out of that weird place.

[jwirr]

7. That is what I was going to ask. Another reason is the cost of for profits are usually much higher

than public schools.

[Kalidurga]

4. Good

[erronis]

5. Weren't they one of the big ones to capture the vet funding?

Perhaps their whole business model was to get out-of-work/out-of-possibility vets to sign up for classes, knowing that most of them wouldn't be able to complete, and most of them would be in hock to these a$$holes.

What happened to this country since the days when a vet got a GI education benefit that didn't involve owing thousands to some slimy corporation?

I remember working with a young (26?) yo who had come back from Korea with a Korean wife and had used his GI benefits to go through college and secure a good computer job (back in the 60's).

When did we start to screw the poor (generally), young (mainly) people that felt joining the armed forces was the only way out of the downward-spiraling life that exists in most places in the USofA?

Would someone from the upper echelons want to give us a hint on your plans for the rest of us?

[geretogo]

6. These for profit schools are just conduits for Americas oligarchs to steal any wealth the working

people have and send the enormous profits to Wall Street . The same goes for private prisons ,
privatized pubic schools , privatized city water ,etc. ,etc. People open your eyes and see how
your being robbed daily .

[sorechasm]

10. Socialize the risk, Privatize the profits....

...and keep the public stupid.

How can anyone argue with such a business model?

[packman]

8. 460,000 students????

Damn, that's a lot of students for one university. Someone needs to explain this to me.

[LiberalArkie]

9. They have branches in strip malls all over the country