Week in Review

Mar/26/2015 - 7:46pm

Career College Central Summary:

Student loan debt now tops $1 trillion in the United States, and seems like an inescapable reality for many young people. Still, some are trying their best to get out from under their debt loads.

One of the more drastic examples of trouble that millennials face with student loan debt comes from the …

Mar/26/2015 - 7:41pm

Career College Central Summary:

Under the threat of investigations, lawsuits, public pressure, and online competition, for-profit colleges have been losing their mojo with American students. But the largest for-profit college operator in the US is finding new business in countries less familiar with its for-profit model.

In its second quarter earnings report released yesterday (March 25), Apollo …

Mar/26/2015 - 12:26am

Career College Central Summary:

Though Arizona is far from alone as a place where for-profit colleges and universities have been established, the Valley-based University of Phoenix and Grand Canyon University are widely acknowledged as having been leaders in the field. The reputation of for-profits, though, has suffered because of some questionable practices. 

But ASU professor Barry Bozeman …

Mar/26/2015 - 12:09am

Career College Central Summary:

Apollo Education Group Inc. swung to a loss in the quarter ended in February as continued enrollment declines contributed to a bigger-than-expected revenue drop.

Shares of the for-profit education company fell 16% to $23.39 in premarket trading as its outlook for the current quarter came in below expectations.

The company has seen its enrollment …

Mar/25/2015 - 11:58pm

Career College Central Summary:

The Inner City Committee of the Portland Solidarity Network announces a massive victory at a local for-profit beauty school, which stands as a possible future for student organizing.

“Hello, my name is Kaitlin. Can I tell you about how I was suspended after reporting sexual harassment?”

Kaitlin addresses passersby with the kind of enthusiasm …

Mar/25/2015 - 11:48pm

Career College Central Summary:

Grand Canyon University Education Inc. (Nasdaq: LOPE) now has less than a 50 percent chance of going private.

This is what I learned this morning while interviewing GCU President Brian Mueller at my latest Inside the Reporter's Notebook event.

Over the past several months, Mueller has been looking into taking the Phoenix publicly traded …

Mar/24/2015 - 11:52pm

Career College Central Summary:

I know a high school senior who’s so worried about whether she’ll be accepted at the college of her choice she can’t sleep.

The parent of another senior tells me he stands at the mailbox for an hour every day waiting for a hoped-for acceptance letter to arrive.

Parents are also uptight. I’ve heard …

Mar/24/2015 - 11:48pm

Career College Central Summary:

The Board of Directors of Career Education Corporation, (NASDAQ: CECO), today announced that Chief Financial Officer Reid Simpson will be leaving the Company on March 31, 2015 to become Chief Financial Officer at ShopperTrak, a Chicago headquartered leading global retail analytics provider. 

David Rawden of AlixPartners, a business advisory firm which specializes in …

Mar/24/2015 - 11:40pm

Career College Central Summary:

Executives at Apollo Education Group Inc. would love to live their marketing slogan: “I am a Phoenix.”

While the once-soaring for-profit education giant isn’t in ashes, its business has shriveled. For example, degreed enrollment was most recently 227,400 students. While that is far more than at the largest traditional U.S. university, it is …

Mar/24/2015 - 11:31pm

Career College Central Summary:

Students attending Laurus Technical Institute were taken by surprise when the school on Monday announced it was shutting down for good.

President and CEO Terry Hess said the closure of the for-profit school, which has three campuses including one on Church Street in Decatur, was due to dwindling enrollment. He said the enrollment …

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