Gainful employment, what it can mean to forprofit schools
During long winded negotiated rulemaking for Higher Education, the US DOE proposed defining gainful employment by establishing a 8% debt to income threshold (debt to income is also commonly used for mortgage limits) based on median student debt for recent college graduates with income based either on Bureau of Labor Statistics 25th percentile wage data [...]
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Apollo pre-announced results fiscal 2Q10 results, lowers estimates
Apollo pre-announced results fiscal 2Q10 results, with EPS from continuing operations lower than our and the consensus estimate. 2Q10 EPS from continuing operations is expected to be $0.77-0.82 versus the consensus estimate of $0.94.
The pre-market announcement apparently is due to
1) higher than expected bad debt expense,
2) greater than expected investments in BP Holdings, the European [...]
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ForProfitEDU.com welcomes veteran journalist Andrea Foster
ForProfitEDUis proud to welcome future contributions from veteran journalist Andrea Foster. Our relationship with Andrea Foster is a positive step in our continued efforts to provide you with quality industry content. We look forward to the work she will be sharing in the coming months.
Andrea Foster is a veteran journalist whose specialty is education, technology, and Congress. She [...]
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commercial career colleges have more success graduating high-risk students than do other types of institutions
For those of us in the industry this is no surprise… We hope other take notice of these FACTS and begin to value the role of the for profits withing the education industry.
Click on the link to read the article at inside highered: http://www.insidehighered.com/news/2009/06/18/career
What ever happened to Apollo’s Billion Dollar International Investment Fund?
Remember the press release from 2007 about Apollo’s billion dollar invetment with Carlyle? What ever happened with that?Apollo Group and the Carlyle Group Form $1 Billion Joint Venture to Make Investments in the International Education Services Sector
PHOENIX & WASHINGTON–(BUSINESS WIRE)–Oct. 22, 2007–Apollo Group, Inc. (Nasdaq:APOL) (”Apollo Group” or the “Company”), and private equity firm The [...]
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Will online masters growth hold up?
After speaking with many analysts over the last few months there are two big fears that keep being repeated. The first being bad debt and the other top fear is the continued growth of online Master programs. The main reasons mentioned are potential future cuts by corporations of tuition reimbursement & continued decline in economy, thus [...]
As expected Apol exceeds expectations, yet analysts still fear
For its fiscal second quarter, Apollo Group reported earnings of $0.77 per share, $0.12 better than the First Call consensus of $0.65.
Revenues rose 26.3% year-over-year to $876.1 million, topping the consensus estimate of $865.5 million.
Contributing to the growth was a 20.4% year-over-year increase in degreed enrollment to 397,700.
With all of this good news the stock [...]
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Apollo & their Cohort Default Issue
university of phoenix, apollo, default rate, cohort default rate
