I read today that Phoenix University has lost half of its students in the last 5 years.
CNN wrote this report.
Enrollment at America's largest for-profit university was about 460,000 students five years ago. Now it's 213,000...
What's ahead: The numbers are telling: Apollo Education Group had revenues close to $5 billion in 2010. This year it will be lucky to take in $2.7 billion.
I have to say that commercially I have used Phoenix to illustrate that this kind of accreditted training does produce a cash flow.
This University is a for profit concern, and may soon have to compete with a free community programme.
But the headwinds continue for for-profit institutions in the U.S. Last March, the Obama administration proposed new limitations on federal aid doled out to for-profit colleges.
President Obama then announced another initiative in January to make community college free. For-profit universities compete for many of the same students that community colleges take in.
Once accredited by a countries government students education can be used towards a degree course.
My earliest experience of this was when studying in Germany, I attended the Goethe institute. This institute was home to many American students. The Goethe Diploma was accepted by many American educational institutions towards obtaining a degree qualification.
The Goethe institute is based in Germany, but has branches throughout the globe. The first time a took a course with them it was in Dublin Ireland.
As I am forever proposing an educational institute, I thought it only appropriate to show some negative press with regard to the success and failure of such institutions.
I still think a well thought out and ethically run institution can and will succeed.