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Message Boards Settings Apollo Group, Inc. (APOL) - Quote Info
Re: Three Words: Barrons' Cover Story      7-Nov-09 10:40 am    
From Barrons: "Defaults were about twice as high among for-profit alumni as among the alumni of public colleges, and three times the level of non-profit alumni - according to the government numbers on those who started repayment in 2007. More worrisome, the Education Department says defaults of the for-profits' students get much worse over time, rising above 23% of individual loans after four years, compared with 10% for public alumni and 7% for nonprofit alums. This reminds me of the "liar loans" that helped create the housing bubble, said California Democrat George Miller, chairman of the House Education and Labor Committee, at a hearing last month where government investigators told how a for profit company's testers helped applicants pass an entrance exam. They end uf defaulting, fumed Miller, with ruined credit reports and all their problems got worse."
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twinklebone

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Looks like they don't understand the educational indust...
alphashort Rate it 7-Nov-09 09:23 am  
 
Well, the good news for APOL is that with the bad ...
alphashort Rate it 7-Nov-09 09:56 am  
 
From todays'Barron's: "Class Dismissed Cove...
twinklebone (1 Rating) 7-Nov-09 10:32 am  
 
Re: Three Words: Barrons' Cover Story
twinklebone Not rated 7-Nov-09 10:40 am  
 
No sign of Ox today...interesting.
alphashort Rate it 9-Nov-09 10:54 am  
 
I went short APOL the day before earnings, a ...
dardaaajo Rate it 9-Nov-09 11:00 am  
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Apollo Group Inc. (APOL)

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