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Associated Press
MedTech site in Greenwood will be ready in August and offer training for health-related occupations
The Indianapolis Star
Associated Press
PHOENIX — University of Phoenix founder John G. Sperling made himself a billionaire luring students away from old-style night schools during the past 30 years.
RTTNews
Monday evening, Apollo Group Inc. (APOL | charts | news | PowerRating) announced second quarter EPS of $0.35, down from $0.45 in the year ago quarter. Non-GAAP EPS for the quarter declined to $0.44 from $0.57 in the last year quarter. Analysts expected EPS of $0.47. Read full article.
Associated Press
NEW YORK (Reuters) – New York Attorney General Andrew Cuomo said on Tuesday that Drexel University and Capella University are the latest schools to reach settlements as part of the state’s investigation into abuses in the student loan industry. Read full article.
RETRACTION: The May edition of Career College Central Magazine incorrectly reported the dates of this year’s Career College Association National Convention. The correct dates are June 13 to 15. The editoral staff would like to apologize for any confusion this might have caused.
Associated Press
Non-Profit Universities Prove Tough Competitors in For-Profit Online Degree Market
NEW YORK (AP) — As more working adults enroll in online degree programs, universities are swooping in to lure students at the expense of the for-profit education companies that have offered degrees over the Internet for years. Read full article.
Textbook publisher Pearson PLC said Monday its Pearson Education Inc. unit is buying education software maker eCollege.com in a deal worth approximately $477 million. Read full article.
Reuters
The U.S. House Wednesday overwhelmingly passed a bill cracking down on conflicts of interest in the $85 billion student loan market amid a widening scandal.
Adopted by a 414-3 vote, the bill would require colleges and lenders to abide by new codes of conduct; ban gifts from lenders to college aid officers; require disclosure of …
Minneapolis / St. Paul Business Journal
Online university Capella Education Co. said Monday that first-quarter results were up 26 percent, beating analyst estimates.
Minneapolis-based Capella (Nasdaq: CPLA) reported revenue of $52.8 million, a 26.2 percent increase over $41.9 million in the first quarter of 2006. Read full article.