The Canary In The Coal Mine
Posted By thestatedtruth.com on October 17, 2012
This is the Canary in the coal mine for colleges……trade schools get hit first, then private universities, and then state colleges and universities. The big growth cycle is over for education. The student population is buried in record amounts of student loans and debt, and this will take a long time to work off. A whole lot of money has been spent recently on college and university expansion expecting unending growth. It will most likely end badly.
Apollo Group Inc. the largest U.S. for-profit college chain, missed analysts’ estimates and announced it would close campuses and cut jobs.
“Education stocks are value traps, burdened by a downward bias in estimates, limited enrollment visibility and increasingly intense competitive dynamics,”. Over the past year, enrollment at the University of Phoenix fell 14 percent to 328,400 students.
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