OK, not my smile |
Stock values of for-profit higher-education companies plummeted today on Wall Street after the Apollo Group, parent company of the University of Phoenix, predicted a “significant” decline in enrollment — up to 40 percent — next year, according to the Dow Jones Newswires. The Apollo Group also withdrew its previously released financial outlook for the 2011 fiscal year, in light of the increased federal regulation the for-profit sector may face and the “heightened media attention, much of which has portrayed the sector in an unflattering light.”
Media attention of what?
Of the sorry facts, that's what.
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