Havoc In The For-Profit University Sector

For-profit educational institutions are under tighter scrutiny with Senate and House committees examining their admission process, which seems to mislead applicants, targets veterans and registers student default rates at least double those of traditional universities. According to a Congressional report released earlier this month, for-profit colleges have high dropout rates, poor results, and high loan

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Buying and Selling Online Schools: The Unusual Career of Michael Clifford (Part 1)

SM: Take us back to your beginning to give us some context about who you are. MC: I grew up in Phoenix, Arizona. My father was a musician and started a radio station, so I grew up around a radio station and music. I never went to college and yet went on to be a

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Apollo Takes People Back To School Amidst Recession

The educational program provider Apollo Group (NASDAQ:APOL), which owns the for-profit University of Phoenix, has been exceeding market expectations on a regular basis even in these depressed conditions, a testament to the company’s good execution capabilities and perhaps the popularity of going back to school as layoffs continue.

For Profit Education: More LBOs Coming

Marketwatch reports: The board of Laureate Education (LAUR), a for-profit provider of higher education, has agreed to a $3.1 billion buyout led by founder and Chief Executive Douglas L. Becker and backed by a private equity consortium including Kohlberg Kravis Roberts & Co., Citigroup Private Equity and hedge fund S.A.C. Capital Management LLC. Under the

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