But it also seems unlikely that regulators want to kill off the entire for-profit education industry.
Other for-profit education companies have also been hit but in most cases not as hard.
Apollo Group, the largest for-profit education provider, is viewed as the leader in an unsustainable market.
Other for-profit education shares are also rallying, reports the Wall Street Journal online.
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The risk that new government regulations will devastate profits in the for-profit education industry seems particularly overblown.
This softened Department of Education stance has continued to send for-profit education stocks higher in a sigh of relief.
We were quickly overthrown by large for-profit education corporations who were entering the low income market and were better than we were.
In 2010, another hedge fund honcho, Steve Eisman, recommended that investors bet on a decline in stocks in the for-profit education industry.
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Students and teachers responded by demanding the abolition of all for-profit education.
ECONOMIST: A trial of strength between students and the government
The most recent stock I bought was DeVry, the for-profit education company.
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For-profit education flooded the market only after the state began to abandon its responsibility to create sufficient institutional capacity in the public system.
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The for-profit education companies, however, did not suffer when the newly enrolled students most of whom did not pay back their loans defaulted.
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Several for-profit education companies took a knuckle-rapping from investors on Friday.
FORBES: Plummeting DeVry Leads Education Sector Down. Bridgepoint, Apollo, and APEI Buck Trend.
Currently in the portfolio inspired by Greenblatt are several for-profit education companies, Gamestop ( GME), a cigarette company, and home health care provider Amedisys ( AMED).
Unlike the private sector, management of the not-for-profit education industry isn't beholden to shareholders, who typically demand maximum efficiency that calls for cost cuts wherever possible.
The publishing company will include newspapers such as The Wall Street Journal, the HarperCollins book publisher, Australian TV assets and its fledgling for-profit education business, Amplify.
Apollo Group Inc. (APOL) : For-profit education firms like this parent company of the University of Phoenix have come under great regulatory scrutiny in recent years.
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The entire regulatory process leading up to now has been mired with ideological spin-doctoring intended to break the momentum of and limit competition from the for-profit education industry.
According to a recent Senate probe of the for-profit education industry, more than 60% of the students Apollo enrolled in 2008-9 had withdrawn by the middle of 2010.
The publishing company is seen as a possible bidder for Tribune Co. newspapers including the Los Angeles Times, and it also continues to pour money into its fledgling for-profit education venture called Amplify.
By and large, for-profit education firms like Apollo Group (APOL) have been taking advantage of new trends in education by providing class structures that suit working adults who want to get a degree.
Note: there is no connection between the for-profit education concern, the Apollo Group, which owns the University of Phoenix, and Apollo Global Management, the private-equity business that is purchasing the McGraw-Hill education division.
FORBES: McGraw-Hill Sells Education Unit To Apollo: Bellwether For Educational Publishing?
Steven Eisman of Frontpoint Capital delivered a scathing brief against for-profit education companies Corinthian Colleges, Apollo Group, ESI and Washington Post, saying they were creating the next subprime crisis by inducing students to borrow billions of dollars in federally guaranteed debt.
Critics of for-profit education generally contend that the private sector is willing to sacrifice educational quality and the interests of the student in order to generate a short-term profit, an argument that Stanfield suggests is largely unsubstantiated by economic theory, empirical evidence or sound reasoning.
One would expect a book by the CEO of a for-profit university to mount a vigorous defense of the much-maligned for-profit higher education sector.
The education reporting award went to Colin Woodard of the Maine Sunday Telegram for reporting how for-profit online education companies are affecting the state's digital education efforts.
Founded as a test-prep business, in 2000 Kaplan entered the burgeoning sector of for-profit higher education.
For-profit higher education gets roughly 80% of its revenue from federal dollars in the form of loans and Pell Grants.
The legislature has found and hereby declares that the availability of legitimate courses and programs leading to academic degrees offered by responsible private not-for-profit and for-profit institutions of postsecondary education and the existence of legitimate private colleges and universities are in the best interests of the people of this state.
The last article in the section is a contribution that I co-authored with Richard Vedder and Adam Lucchesi discussing our research on for-profit higher education in the U.S. In particular, we describe the remarkable growth of the sector over the past two decades, the volatile regulatory environment that it has faced.
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