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Nov 9 (Reuters) - Shares of several U.S. for-profit education companies, including Apollo Group Inc and DeVry Inc, fell on Monday, a day after a Barron's report said the sector may come under scrutiny for enrollment practices. The report said the sector will find it harder to make the grade due to whistleblower lawsuits, increased scrutiny by regulatory agencies and low graduation rates. The S&P 500 index of education companies fell about 4 percent. However, BMO Capital analyst Jeffrey Silber said the low graduation rates at schools such as Apollo's University of Phoenix and Strayer Education's Strayer University were "a bit misleading as they measure graduation rates for those who began and finished at these schools." "Schools such as these cater to working adults that tend to start and finish at different institutions," he said. Shares of Apollo Group fell 6 percent to a 52-week low of $52.79 before recouping some losses to trade down $1.74 at $54.25 Monday afternoon on Nasdaq. Shares of Strayer were down 3 percent at $194.81 on Nasdaq, while those of DeVry were down 4 percent at $53.11 on the New York Stock Exchange. (Reporting by Amulya Nagaraj in Bangalore; Editing by Anne Pallivathuckal) Keywords: EDUCATIONCOMPANIES/SHARES Keywords: EDUCATIONCOMPANIES/SHARES (amulya.nagaraj@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S.
+91 80 4135 5800; Reuters Messaging: amulya.nagaraj.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.
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