Apollo Group Inc. , owner of the for- profit University of Phoenix, had a securities-fraud damages award of as much as $277.5 million reinstated against it after the trial judge had tossed it out.
Apollo Group Inc. said it is cutting about 700 full-time jobs. The information was disclosed in a regulatory filing.
Iowa Senator Tom Harkin said for- profit colleges work to delay student loan defaults to maintain their eligibility for federal aid, which makes up as much as 90 percent of the companies’ revenue.
Apollo Group Inc ., owner of the biggest for-profit university in the U.S. by enrollment, said quarterly net income fell 11 percent as the company set aside funds to cover the costs of a shareholder lawsuit.
When he was a child, David Adams pretended to operate on his stuffed animals.
Apollo Group Inc., the largest U.S. for-profit college chain, posted fourth-quarter profit and revenue that topped analysts’ estimates even as enrollment fell.
Apollo Group Inc., owner of the University of Phoenix and the biggest U.S. for-profit college, said profit in the fiscal third quarter fell 40 percent as new enrollment tumbled.
Apollo Group Inc ., which operates the University of Phoenix, is cutting about 700 full-time jobs, mostly among the for-profit college’s admissions personnel across the U.S.
For-profit college recruiters pressured students to sign up for courses and lied about the cost of programs to boost enrollment, witnesses said at a U.S. Senate hearing today.
Signal Hill’s Urdan Discusses For-Profit Education