Financial Aid firms stocks plunging!

WASHINGTON (Dow Jones)–The Obama administration would end fees paid to banks that provide loans to students, a move that would effectively end private sector student lending and save the taxpayer $47.5 billion over the next decade.
All student loans would be administered through the Education Department’s direct lending program, under the proposal included in the administration’s budget framework released Thursday.
Student loans themselves don’t generate significant earnings for banks because of the high level of defaults, so the fees paid by the government are the main incentive for lenders to take part in the program.
One of the largest players in the student loan market, SLM Corp. (SLM), saw its shares fall 25.9% as word of the proposed change filtered out Thursday morning. SLM was down $2.17 (30+%) to $5.82 a share in recent trading on the New York Stock Exchange.  Nelnet (NNI) down over 50%

I have been getting a number of inquiries from people looking for EDU jobs.  I know there is always monster, careerbuilder, hotjobs etc., but are there any special locations you use to either post or search for jobs?  We are considering adding a job section on ForProfitEDU.com

Okay, I have started to list a number of lead providers for all of you to review and if you have used any of them, please comment.  The goal is to provide a source for you to be able to search providers as well as get some insight on the experiences others have had with them.  Click here to visit the marketing section of forprofitedu.com or select it from the tabs on top of each page.  Share your experiences Good & Bad…  If there are other firms you would like reviewed, please let us know and we will add them.  I have worked with all of them so I have a good idea, but I would like to get your feedback as well.  So far we have received feedback on a handful of them… Keep the reviews coming!

Thanks,

Tom

Total enrollment growth of 22%, 20% increase in campus based students & 47% rise in online students.

NEW YORK (MarketWatch) — Strayer Education Inc. said Thursday its fourth-quarter profit rose to $24.0 million, or $1.71 a share, from $19.5 million, or $1.34 a share, in the same quarter a year before. Analysts had expected earnings on average of $1.70 a share, according to a FactSet Research survey. Revenue for the quarter was $114.3 million compared to $89.1 million in the year-ago period. The Arlington, Va.-based educational services company said that based on strong enrollment growth announced for the 2009 winter term and planned investments in opening new campuses, it estimates first-quarter profit to be in the range of $1.96 to $1.98 a share. (Corrects earning figures and comparisons.)

Yet stock plummets at one point by almost 20%???

Visit the EDU stock Page!

Yes I know,  the analysts wanted even bigger blow-out numbers like APOL & ESI, but Come on…  a 15-20% shilacking??