Phoenix University has lost half of its Students in the last five years

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.

Motorsport university ... Show me the money... Billions

At a recent ASLI conference I presented my Motorsport University Malaysia concept.
As I need investors, I had to mention the revenue stream.
I used the Limkokwing projection of one million students in ten years time.
Today Phoenix University is probably the Leader in for profit virtual education.
Here is a portion of their financials for 2010.
OutlookFor the full year, analysts expect Apollo to grow revenue 23.3% to $4.9 billion. Earnings should exceed $5 per share and grow approximately 20%.
Third Quarter Sales and Profit Trends 
...     Net income fell 11% to $179.3 million, which was still a very healthy 13.4% of revenue. Share buybacks reduced the hit to earnings, which ended up falling 6% to $1.18 per diluted share. Excluding the charges above, earnings came in ahead of analyst expectations.

From Wikipedia
The University of Phoenix (UPX) is a for-profit institution of higher learning. It is a wholly owned subsidiary of Apollo Group Inc. which is publicly traded (NASDAQ: APOL), an S&P 500 corporation based in Phoenix, Arizona.
As the university with a student body in North America second only to the State University of New York, it has a current enrollment of 420,700 undergraduate students and 78,000 graduate students,^[2][3] or 224,880 full-time equivalent students.^[4]

^{So Phoenix  University has approxiamately half a million online students, and has revenue of aproxiamately}

^{$5 billion dollars American.}

^{Using this as a template: 1 million students would mean 10 billion dollars revenue.}

^{This is far more than I projected using Malaysian Open University figures 4-5 billion Malaysian Ringitt (1 billion plus American dollars)}

^{Presently Phoenix seems to operating on an income that is 13.4% of Revenue...}

^{On a 10 billion Dollar revenue that would be 1.34 Billion dollars a year.}

 ^{It is always possible to spend more than you earn. However, if you can get a high quality educational product out there, that has value for the students, you can certainly generate a healthy revenue stream.}

^{Claudio Berra (Motorsport Director Group Lotus) recently stated:} 
The 2011 season would also see Lotus in GP2 and GP3; in ALMS with an LMP2 entry; a Lotus presence in GT2/Endurance racing; a full season of Lotus Cup races around the world, specifically series in the United States, the United Kingdom, Europe, Japan and the Middle East with 40 to 50 cars each weekend, and Lotus Academies just about everywhere there is a Lotus Cup. 

Incidently, there is an oval track for sale not too far, 60 miles from the Lotus Ann Arbor facility asking price $325,000 USA.
Springport Motor Speedway is a 3/8 mile high banked asphalt paved oval, located in South Central Michigan

 Below is the video (Part 1) showing the track being built. It was a $million++ project at the time 1989.
It needs an innovative new owner..



Combine this with the track (I believe it's for sale ) in Johor, and the facilities at Hethel and you can easily incorporate this into the Group Lotus 5 Year Plan.

To quote Nike... Just Do it (Dany Bahar)