Education stocks are considered a safe play in a bad economy, the theory being that laid-off workers will head back to school to learn new skills and fill in the hours between job applications.
That theory has been complicated by the credit crunch, however.
With money tight, fewer private lenders are willing to finance student loans. Stricter credit standards have reduced the number of students who can get the loans that are available. And more students are at risk of defaulting on the loans they do have. Read full story.