For-profit colleges see stocks drop after official's speech
Several for-profit college companies, including a California-based outfit, saw dips in their stock prices this week after a senior education official likened the industry to Wall Street firms that played a part in the financial crisis.
The Associated Press reported that Santa Ana-based Corinthian Colleges Inc. and several major for-profit players that serve students in California experienced drops after Deputy Undersecretary of Education Robert Shireman's speech to regulators last week:
The Associated Press reported that Santa Ana-based Corinthian Colleges Inc. and several major for-profit players that serve students in California experienced drops after Deputy Undersecretary of Education Robert Shireman's speech to regulators last week:
Shares of DeVry Inc. dropped $4.09, or 6.1 percent, to $62.61 on Thursday. And stock in Apollo Group Inc. – which runs the University of Phoenix chain, the nation's largest for-profit school – slid $3.56, or 5.8 percent, to $57.94.
Shares of Corinthian Colleges Inc. fell 87 cents, or 5.1 percent, to $16.04; Career Education Corp. sank 3.36 cents, or 10.1 percent, to $30.05 and Strayer Education Inc. lost $3.04, or 1.2 percent,
State lawmakers seek millions in earmarks for colleges, universities
Members of Congress have submitted their 2011 requests for earmarks – federal money that lawmakers direct to organizations of their choice.Governor's school board appointee is rejected over conflicts – again
Conflict-of-interest concerns devoured another of the governor's appointees to the State Board of Education.
The Senate rejected the nomination of Jeannie Oropeza to the state education board yesterday, according to theSacramento Bee.
Oropeza is a budget analyst for the Department of Finance. Senate President Darrell Steinberg told the Bee that while Oropeza was qualified, her position at finance created a conflict.
The Senate rejected the nomination of Jeannie Oropeza to the state education board yesterday, according to theSacramento Bee.
Oropeza is a budget analyst for the Department of Finance. Senate President Darrell Steinberg told the Bee that while Oropeza was qualified, her position at finance created a conflict.
