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For Profit Colleges
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It’s been a tough year for the University of Phoenix. But don’t
count out the big dog of for-profits just yet.
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Phoenix fourth quarter net income has fallen 60 percent from the
year before. The number of new students enrolling had slumped by 13 percent,
and yet costs were up. Phoenix closed more than half of their brick and
mortar campuses and laid off almost 5 percent of its staff.
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Is this a momentary downturn as the industry adjusts to a new
reality of greater oversight and savvier students, or is it the beginning
something more profound -- a bubble's big burst. It's still too early to pin
down a definitive answer. But there's reason to think this is more than just
a blip.
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In July of 2012 I was given the gift of time...after 23 wonderful years in Higher Education Academic Publishng, I found myself on the receiving end of an extended 'life reset' package. Currently this blog is a collection of things I find funny, interesting and helpful. We'll see where this goes...
Thursday
For Profit Colleges
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