Monday, October 19, 2015

U of Phoenix hopes enrollment losses stabilize at 2002 levels - Tara García Mathewson, Education Dive

For-profit Apollo Education Group has been in a steep decline for five years as the University of Phoenix loses enrollment and shrinks in response, but CEO Greg Cappelli believes the future is bright. In a sprawling piece for the Arizona Republic, Ronald J. Hansen writes that net revenues have fallen 47% since its peak in 2010, the stock price is down 82% in the same time period, and student enrollment is expected to be down 70%, comparing next year to 2010. The company is still profitable, however, and Cappelli has reminded investors the profit margins were favorable in 2002 before the University of Phoenix entered its heydey.

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