For-Profit Colleges and Universities
How are the for-profit higher education institutions faring in this weak economy? According to the Chronicle of Higher Education's latest index, they are holding their own. Apollo Group, the largest, registered sales of $1.0 billion in the last year, which is up 31 percent. The University of Phoenix saw an 81 percent gain to increase its revenues to $328 million. The University of Phoenix also saw the largest enrollment gain in the past year, increasing by 84 percent.
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