Corinthian Colleges Inc is the first university operator in the United States to feel the force of a government crackdown on the $28 billion for-profit education sector. As part of an agreement with the Department of Education- the same deal to which Wickiser's login page made reference- Corinthian has six months to sell most of its campuses or close them down.
Apollo Group unchanged at $29.27. Career Education Corp. unchanged at $5.05. Strayer Education Inc. rose$. 34 or. 7 percent, to $49.73.
Apollo Group fell$. 11 or. 4 percent, to $29.16. Career Education Corp. fell$. 05 or 1.0 percent, to $5.00. Strayer Education Inc. rose$. 41 or. 8 percent, to $49.80.
Apollo Group rose$. 07 or. 2 percent, to $29.34. Career Education Corp. fell$. 05 or 1.0 percent, to $5.00. Strayer Education Inc. rose$. 29 or. 6 percent, to $49.68.
Apollo Group rose$. 53 or 1.9 percent, to $29.15. Career Education Corp. rose$. 13 or 2.6 percent, to $5.12. Strayer Education Inc. rose$. 94 or 1.9 percent, to $50.41.
Apollo Group rose$. 41 or 1.4 percent, to $29.03. Career Education Corp. rose$. 14 or 2.8 percent, to $5.13. Strayer Education Inc. rose $1.03 or 2.1 percent, to $50.50.
Apollo Group rose$. 08 or. 3 percent, to $28.93. Career Education Corp. rose$. 07 or 1.5 percent, to $4.79. Strayer Education Inc. rose$. 25 or. 5 percent, to $50.62.
Apollo Group unchanged at $28.93. Career Education Corp. unchanged at $4.74. Strayer Education Inc. fell$. 03 or. 1 percent, to $50.75.
Apollo Group fell$. 08 or. 3 percent, to $28.85. Career Education Corp. rose$. 06 or 1.3 percent, to $4.80. Strayer Education Inc. fell$. 06 or. 1 percent, to $50.72.
July 4- Corinthian Colleges Inc said late on Thursday that it had reached a deal with the U.S. Department of Education to sell most of its 107 campuses and wind down others, underscoring some of the struggles facing for-profit colleges across the country. Last month the company said it was receiving $16 million in federal aid from the Department of Education.
June 23- Corinthian Colleges Inc said it would receive $16 million in federal aid from the U.S. Department of Education that would prevent the for-profit education provider from a cash shortfall.
*Department of Education raises financial oversight. June 19- For-profit education provider Corinthian Colleges Inc said Its ability to continue as a going concern was in jeopardy after the U.S. Department of Education extended the waiting period to draw down federal student aid funds.
May 22- ITT Educational Services Inc, a for-profit college operator, withdrew its full-year forecast and warned of a fall in new enrollment after rising for three straight quarters, adding to the uncertainty surrounding the sector.
DeVry Inc. was one of the day's biggest gainers, rising $1.11, or 4.9 percent, to $23.87, after peaking at $25.02 earlier in the day.
NEW YORK, Oct 1- Small cap stocks rallied on Monday as a surprise expansion in the U.S. manufacturing sector quieted concerns about economic growth at a time when central banks are seen continuing to support markets. The ISM number suggests that things are not that bad, "said Adam Sarhan, chief executive officer at Sarhan Capital in New York."
The clock is ticking on tax rules that may change on January 1, 2013 and could impact the way parents contribute to a college education.
Mountain Home Career Academies High School has taken a big gamble over the last decade. It transformed itself from a traditional high school into one consisting of three academies--engineering, communications, and healthcare.
Take a look at some of Thursday's midday movers:
This is as bizarre as it gets: The Education Department today released so-called “Gainful Employment” data that ultimately determines whether the schools should qualify for aid. At least two companies have said the data is inaccurate — and (the bizarre part!) not in their favor.
Cramer makes the call on viewers' favorite stocks.