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News Breaks
December 13, 2012
14:14 EDTAPOL, ESI, CECO, DVMoody's: Defaults of private student loans to stay high in 2013 but will improve
The default rate of securitized private (non-guaranteed) student loans, PSL, will remain high into 2013; however, it will continue to improve slowly on a year-over-year basis, says Moody's Investors Service in a new report, "Private (Non-Guaranteed) Student Loan Defaults Improve But Will Remain High in 2013." Reference Link
News For CECO;APOL;DV;ESI From The Last 14 Days
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October 9, 2015
10:35 EDTAPOLApollo Education sinks after DoD puts subsidiary on probation
Shares of Apollo Education are sinking after the for-profit education provider disclosed that the U.S. Department of Defense put its University of Phoenix subsidiary on probationary status in respect of its participation in the DoD Tuition Assistance Program for active duty military personnel. The DoD is considering whether to terminate the DoD Voluntary Education Partnership Memorandum of Understanding with the University which is the basis on which the University's active duty military students participate in the DoD Tuition Assistance Program. While on probationary status, currently eligible enrolled students will remain eligible to participate in the Tuition Assistance Program, but newly enrolled or transfer students of the University will not be eligible. In fiscal year 2015, receipts from the DoD Tuition Assistance Program represented less than 1% of University of Phoenix net revenue, and during Q4 approximately 4,000 students received tuition benefits under the program. University of Phoenix currently is reviewing the notice of probation, Apollo stated. The stock is down 10%, or $1.27, to $11.09 in morning trading.
October 5, 2015
18:06 EDTAPOLApollo Education promotes Chief Accounting Officer Iverson to CFO
Apollo Education Group announced the promotion of Gregory Iverson to serve as the company's CFO, effective October 26. Iverson succeeds Joseph D'Amico, who has served as interim CFO since May, and will report directly to Apollo Education CEO Gregory Cappelli. Iverson is currently VP of finance, Chief Accounting Officer and treasurer. He began his tenure at Apollo in April 2007 as VP and controller.

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