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Apollo Education Group, Inc. Message Board

  • getintoh20 getintoh20 Mar 25, 2013 10:33 AM Flag

    at Piper Jaffray & Co. in San Francisco, who has a neutral rating

    Fewer students are signing up to attend Apollo and other for-profit colleges amid high U.S. unemployment, competition from traditional colleges’ online courses and federal and state investigations raising questions about the industry’s loan defaults and marketing claims.

    “It’s been an extremely challenging operating environment for Apollo and the industry,” said Peter Appert, an analyst at Piper Jaffray & Co. in San Francisco, who has a neutral rating on the shares.

    In February, Apollo said its accreditor, the Higher Learning Commission, had recommended the university be placed on probation because of “alleged administrative and governance deficiencies.” Apollo said it would appeal the decision.

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