Here’s what happened after President Obama left office.
Topic: University of Phoenix
The University of Phoenix saw enrollment drop 22% this year and 70% since 2010. Other for-profit colleges have seen similar results.
The numbers don’t look good at all. A $5 million retirement bonus to the founder and former chairman of the Apollo Group, which owns the University of Phoenix.
Uh oh, is this the beginning of the end for for-profit colleges and their profit model? A 14% drop in a quarter is quite large and it was unexpected.