Students brace for Corinthian shutdown

Stefanie Botelho's picture
Thursday, July 17, 2014

After a long reign as the fastest-growing and most problematic sector in higher education, for-profit colleges are on the ropes.

This week the U.S. Department of Education announced that it will review how federal student aid is administered at one of the country's largest for-profit colleges, the University of Phoenix. Owned by the publicly traded Apollo Group, the University of Phoenix enrolls over 200,000 students, rivaling the size of the nation's largest public university system.

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