For those domain investors out there that have a big chunk of education related domains, especially online education, the latest news out of University of Phoenix may be of interest. Enrollment is on the decline.
Enrollment at America’s largest for-profit university was about 460,000 students five years ago. Now it’s 213,000.
From CNN Money:
What happened: Apollo’s fast fall is another sign of the decline in for-profit education. Last July, one of Apollo’s former competitors, Corinthian Colleges, shuttered its doors. In 2012, the University of Phoenix closed 115 of its campuses.
Once a cash cow industry, for-profit education companies have struggled to overcome criticism of the quality of its education and the costs. They’re the sore spot in the national debate about value of higher education.
For-profit colleges only enroll roughly 12% of the country’s students, but students at for-profit colleges accounted for about half of student loan defaults in 2013, according to federal data.
On a call with analysts Wednesday, Apollo noted that default rates at the University of Phoenix have actually declined significantly in recent years.
But the headwinds continue for for-profit institutions in the U.S. Last March, the Obama administration proposed new limitations on federal aid doled out to for-profit colleges.
Read the full story on CNN Money
