Phoenix U. Crashing: Another Privatization Disaster. Yet GOP Wants to Cut Public Education
Phoenix University, a for-profit corporation that pioneered the concept of online higher education, is going into a tailspin and appears destined for a fatal crash-landing. Along with the spirit of Thomas Jefferson, we here at The Ring of Fire say, good riddance. Yesterday, the Wall Street Journal warned investors that shares of parent company Apollo Education Group, Inc. have been falling precipitously (28% in the last quarter alone!). According to the article, any improvement during the third quarter should be viewed “with caution.” It has not been a good year for privatized, for-profit universities. Besides the recent bankruptcy of ...
Read More