The University Of Phoenix Is Sinking
Cars are parked outside the main building of the University of Phoenix, part of Apollo Group Inc., in Phoenix, Arizona, U.S., on Thursday, Oct. 14, 2010. Apollo Group, the biggest U.S.for-profit college by enrollment, led education shares to their biggest plunge in more than 5 years today after executives described a bleak future for signing up new students. Photographer: Joshua Lott/Bloomberg via Getty Images
Cars are parked outside the main building of the University of Phoenix, part of Apollo Group Inc., in Phoenix, Arizona, U.S., on Thursday, Oct. 14, 2010. Apollo Group, the biggest U.S.for-profit college by enrollment, led education shares to their biggest plunge in more than 5 years today after executives described a bleak future for signing up new students. Photographer: Joshua Lott/Bloomberg via Getty Images

Executives at Apollo Education Group Inc. would love to live their marketing slogan: “I am a Phoenix.”

While the once-soaring for-profit education giant isn’t in ashes, its business has shriveled. For example, degreed enrollment was most recently 227,400 students. While that is far more than at the largest traditional U.S. university, it is less than half Apollo’s own peak five years ago and down 13.5% from the first quarter of fiscal 2014.

Popular in the Community

Close

What's Hot