The re-election of President Obama isn't likely to result in a slew of new regulations aimed at for-profit colleges. But with student debt and the cost of college expected to remain high-profile issues in his second administration, industry observers foresee little let-up in the focus on the for-profit sector.
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Phoenix fourth quarter net income has fallen 60 percent from the year before. The number of new students enrolling had slumped by 13 percent, and yet costs were up. Phoenix closed more than half of their brick and mortar campuses and laid off almost 5 percent of its staff.
Is this a momentary downturn as the industry adjusts
to a new reality of greater oversight and savvier students, or is it the
beginning something more profound -- a bubble's big burst. It's still too early
to pin down a definitive answer. But there's reason to think this is more than
just a blip.
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It’s been a tough year for the University of Phoenix. But
don’t count out the big dog of for-profits just yet.
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