Sunday, October 31, 2010

Online learning going mainstream! —PLUS: Insider trading at Apollo?

     Check out The Chronicle of Higher Education’s special edition on Online Learning.
     Subtitle: “Virtual Education Goes Mainstream”
     That’s right. Mainstream. Deal with it.
     Be sure to inspect CHE’s snazzy charts and graphs: here.
     There, one encounters such factoids as these:
  • More than 2/3 of colleges report that the amount of online courses is failing to meet demand.
  • Enrollments of online-only students pursuing B degrees, by field, 2009:
  • Criminal justice (27%)
    Computer and info tech (19%)
    Health care (16%)
    Business (14%)
    Nursing (13%)
    Public administration (12%)
    Etc.
  • Students taking at least 1 online course, 2003: 12%
  • Students taking at least 1 online course, 2008: 25%
ALSO: big trouble for U of Phoenix?

• For-Profit Schools, Tested Again (New York Times)

Back in 1978
   LAST week was challenging for the Apollo Group, the big for-profit education company that runs the University of Phoenix, Western International University and other institutions. One reason is that the Obama administration instituted new rules barring pay-for-enrollment deals among student recruiters at for-profit colleges — a development that is likely to cause significantly lower enrollment levels at Apollo and its peers.
   But last week also brought a disclosure from Apollo that the Securities and Exchange Commission had requested information about the company’s insider trading policies relating to stock sales made by some of its top officials in 2009. The sales the S.E.C. is focusing on occurred around the time that the Department of Education was asking questions about the University of Phoenix’s policies relating to money it receives under the federal government’s Title IV financial aid programs.
   A majority of Apollo’s revenue comes from federal student aid. The University of Phoenix, which accounted for 91 percent of Apollo’s net revenue this year, gets the bulk of its own revenue from Title IV programs. Just 1 percent of cash revenue at the University of Phoenix comes from student loans that aren’t channeled through the federal government.
. . .
   “Given the chairman and his son sold roughly two million shares in July of 2009 during a program review that was raising questions around the proper refund calculations, it should come as no surprise the S.E.C. is asking questions,” [Robert S. MacArthur] said.
   Stay tuned.

• New Federal Rules Set on Career Colleges (New York Times; Oct. 27)

1 comment:

SpaceMonkey said...

Hey! Quit scarin' us!

Roy's obituary in LA Times and Register: "we were lucky to have you while we did"

  This ran in the Sunday December 24, 2023 edition of the Los Angeles Times and the Orange County Register : July 14, 1955 - November 20, 2...