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CNN Money: University of Phoenix has lost half its students

The University of Phoenix probably wishes the students were just cutting class. But many aren’t even enrolled anymore.

Enrollment at America’s largest for-profit university was about 460,000 students five years ago. Now it’s 213,000.

The University of Phoenix’s parent company, Apollo Education Group (APOL), announced more losses Wednesday. Its revenues and enrollment both sank roughly 14% in its latest quarter compared to a year ago.

Apollo CEO Greg Cappelli tried to strike an optimistic tone, but investors gave the stock an “F” for falling. The stock tanked almost 30% Wednesday.

Read the rest of the story on CNN Money.

EdCircuit Staff: Author

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EdCircuit Staff

edCircuit is a mission-based organization entirely focused on the K-20 EdTech Industry and emPowering the voices that can provide guidance and expertise in facilitating the appropriate usage of digital technology in education. Our goal is to elevate the voices of today’s innovative thought leaders and edtech experts. Subscribe to receive notifications in your inbox