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For Profit Colleges

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.
·         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.
·         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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