June 26th, 2012: For-Profit Stocks Rise on Gainful Employment Reports

Shares of beaten-down for-profit education companies rebounded Tuesday following an employment evaluation from the Department of Education that was better than expected and a rosy earnings report from Apollo Group Inc. (APOL).

In its long anticipated report, the Education Department said only 5% of the for-profit programs evaluated failed to meet any of the three performance requirements included in the federal government’s new gainful employment regulation. Those programs could eventually lose access to critical federal student aid if they can’t improve their performance.

Read more herevia the WSJ

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