Parent company for University of Phoenix says enrollment has plummeted

From The Arizona Republic: Student enrollment at University of Phoenix parent Apollo Group nose-dived 42 percent in the three months that ended Dec. 30, and on Monday investors learned that company executives believe it is only the beginning. The company expects those figures to fall as much as another 40 percent next quarter, and Apollo could continue to see steep declines for the rest of the year, executives said. Overall enrollment fell 3.8 percent, compared with a year earlier, to 438,100. The falling new student enrollment appears to reflect the company's struggle to financially adjust to new rules that bar for-profit schools from paying admission counselors based on how many students they enroll.