November 14, 2003

Recent Developments in For-Profit Higher Education

• In August, the Federal Bureau of Investigation announced it had closed its investigation of the Apollo Group's University of Phoenix over allegations that the institution had stolen trade secrets from a former software provider, and concluded that no charges would be filed. The probe began in late July, when San Diego-based Chariot Software Group accused the university of stealing proprietary information.
• In September, DeVry Inc. announced plans to close its