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%
• For-Profit Schools, Tested Again (New York Times)
Back in 1978 |
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:
Hey! Quit scarin' us!
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