Stocks of for-profit colleges fall after government report

Investors in for-profit colleges are giving the stocks a big fat F.
Shares of several top publicly traded schools were dunced Monday following a government report released late last week raising doubts about the quality of education the industry provides and debt loads students rack up.

"Big trouble is not overstating it at all," says Matt Snowling, analyst at FBR Capital Markets. "There's a growing likelihood regulatory changes are coming" for for-profit schools.

The Department of Education data show 53% of the 181 publicly traded for-profit institutions had fewer than 35% of students repaying principal on their loans in a timely manner, according to FBR. That's well above the 37% of not-for-profit schools with such low repayment rates.

Read Full Article from USA Today

- Posted: 2010-08-16 21:02:59

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