Apollo Group Inc.

Apollo Group Inc.

Apollo Stock Falls after U.S. Investigation of Financial Aid Process

university of phoenixApollo Group Inc. is the largest education company out there when you are speaking in enrollment numbers. Unfortunately for Apollo, their stock has hit its lowest point in four years once word was released that the U.S. Department of Education will review financial aid practices at the University of Phoenix which is an Apollo school.

Apollo‚Äôs stock price fell 3.8 percent when the announcement was made. The review will start on December 6 and is set to cover the 2009-10 and 2010-11 school years. This is not the first time this type of review has taken place where the University of Phoenix is concerned. There was a similar investigation in February of 2009. Read the rest of this entry »





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