For-Profit Colleges Change Policies And Their Stocks Decline

For-profit Schools Reel as Rules Affect Enrollment
The Apollo Group Inc. – the nation’s largest for-profit college – said it will provide new students with a free trial program to see if they are ready for its University of Phoenix curriculums and weed out those at risk of leaving school before earning degrees. And it will no longer pay its counselors bonuses based on how many students they enroll. The move comes as the government ramps up regulation of an industry which critics say preys on lower-income students and leaves them with hefty debt loads and meager job prospects. Source:ECS

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