October 17, 2012
Enrollment Slide and Cost Cutting May Signal Strategy Shift at U. of Phoenix
[Updated (10/17/2012, 6:16 p.m.) with comment from the Apollo Group.]
On the surface, it might seem that the latest round of cost cutting and enrollment declines signals more bad news for the University of Phoenix and for proprietary colleges in general. But some observers of for-profit colleges say the moves reflect broad shifts in strategy and an effort to put the university's academic house in order.
The Apollo Group, which owns Phoenix, the nation's largest