A New Round of For-Profit College Closings
Three weeks ago for-profit college giant Kaplan announced it was closing thirteen campuses. Yesterday the Apollo Group, owner of Phoenix University, announced even larger cuts.
With Phoenix enrollment falling nearly 14% in the latest quarter, the company plans to close 115 of its 227 locations throughout the country.
Although the “campuses” facing closure are mostly among Phoenix’s smaller locations, the retrenchment reflects a dramatic reversal for Apollo and the industry as a whole. Apollo profits are down more than half from a year ago, and Phoenix enrollment has declined by more than 70,000 students from its peak.
As I noted when reporting on the Kaplan closures, for-profit students represent a bit more than a tenth of the students enrolled in American higher ed institutions, but they account for a quarter of student-loan borrowers and half of student loan defaults. Because the vast majority of for-profit college revenue comes government-
Fisher v Texas Oral Arguments: The “Standing” Question
With Phoenix enrollment falling nearly 14% in the latest quarter, the company plans to close 115 of its 227 locations throughout the country.
Although the “campuses” facing closure are mostly among Phoenix’s smaller locations, the retrenchment reflects a dramatic reversal for Apollo and the industry as a whole. Apollo profits are down more than half from a year ago, and Phoenix enrollment has declined by more than 70,000 students from its peak.
As I noted when reporting on the Kaplan closures, for-profit students represent a bit more than a tenth of the students enrolled in American higher ed institutions, but they account for a quarter of student-loan borrowers and half of student loan defaults. Because the vast majority of for-profit college revenue comes government-
Fisher v Texas Oral Arguments: The “Standing” Question
This is the first in a series of posts I’ll be writing about the oral arguments in Fisher v. Texas, the campus admissions affirmative action case argued in the Supreme Court last week. Series intro here.
Bert Rein, attorney for rejected white University of Texas applicant Abigail Fisher, got just one sentence into his presentation before he was interrupted for the first time. As he was preparing to make his case for the unconstitutionality of Texas’s admissions policies, Justice Ruth Bader Ginsberg jumped in to ask him why he was even there in the first place.
As I noted last week, you can’t just sue somebody because you feel like it. You have to show that you’ve been harmed, and you have to show that the harm is one that the government can remedy. It’s not clear that Abigail
Bert Rein, attorney for rejected white University of Texas applicant Abigail Fisher, got just one sentence into his presentation before he was interrupted for the first time. As he was preparing to make his case for the unconstitutionality of Texas’s admissions policies, Justice Ruth Bader Ginsberg jumped in to ask him why he was even there in the first place.
As I noted last week, you can’t just sue somebody because you feel like it. You have to show that you’ve been harmed, and you have to show that the harm is one that the government can remedy. It’s not clear that Abigail
