Trace Urdan

Apollo Fourth-Quarter Profit, Sales Top Analysts’ Estimates

Apollo Group Inc., operator of the University of Phoenix and the biggest U.S. for-profit college, posted fourth-quarter profit and sales that beat analysts’ estimates, sending the shares higher.

Plunge of For-Profit College Shares Makes Patriarch Sperling Rail at Obama

As a humanities professor at San Jose State University from 1961 to 1973, John Sperling pioneered remedial reading classes for Mexican Americans and courses in social problems for police officers.

Apollo Withdraws 2011 Forecast Citing Enrollment Drop

Apollo Group Inc. , the biggest education company by enrollment and operator of the University of Phoenix, withdrew its forecast for fiscal 2011 citing regulatory scrutiny and declining numbers of new students. The shares fell about 12 percent in extended trading.

Apollo Group's Forecast Withdrawal Drags Down For-Profit Education Shares

Education stocks plunged after Apollo Group Inc. , the biggest education company by enrollment and operator of the University of Phoenix, withdrew its forecast for fiscal 2011 citing regulatory scrutiny and a possible 40 percent decline in new students.

Obama Plans New Rules Cutting Aid to For-Profit Colleges

The Obama Administration is gearing up to produce tougher regulations that may reduce the amount of federal financial aid flowing to for-profit colleges, cutting the companies’ annual revenue growth by as much as a third.

Obama Cracks Down on For-Profit Colleges, Links Loans to Income

The Obama administration released a proposal that would tighten for-profit colleges’ access to federal student aid , threatening growth in the industry that received $26.5 billion in U.S. funds last year.

Strayer Leads Education Stocks Down as Senator Proposes Curbs on Practices

Strayer Education Inc. led a decline in for-profit U.S. education stocks as Senator Dick Durbin said industry practices should be curbed.

Education Management Climbs as BMO Says It Will Weather Tighter Regulation

Education Management Corp. shares surged the most since July after a BMO Capital Markets analyst said the for-profit university will survive the U.S. government’s regulatory crackdown on the industry.

Corinthian Says Ouimet Resigns; No Plan to Fill Job

Corinthian Colleges Inc. said President and Chief Operating Officer Matt Ouimet will resign, sending the education company’s shares down as much as 8.1 percent.

Education Management Profit Rises on Enrollment Gain

Education Management Corp. , the second-biggest U.S. for-profit college operator by enrollment, said fiscal second-quarter profit rose more than fourfold as total enrollment increased 13 percent.

"The company is saying they're going to have a positive growth rate of new student starts."

- Trace Urdan on Oct 19, 2011

San Francisco

Washington

Tom Harkin

U.S. Stocks Decline After Bernanke Comments

Economy in U.S. Grew at 3% Pace in 4th Qtr.

Bernanke Says Monetary Stance Meets Fed Goals

Euro-Area Banks Tap ECB for Record Amount

Apple Dividend May Return Part of $98B in Cash