Cost of College: For-Profit Colleges May Be Rescued by Trump Presidency

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Cost of College: For-Profit Colleges May Be Rescued by Trump Presidency

Nov, 27th 2016

It hasn’t been a good couple of years for for-profit colleges. Many of them, usually offering vocational training, have had to close outlets as the federal government cracked down on their advertising and student loan practices. Two of the largest, ITT Technical Institute and Corinthian Colleges, shut down.

Then came the election of Donald J. Trump as president. Stock prices of the companies still running for-profit colleges rose sharply. DeVry University shares rose 17 percent in the days after the election. The shares of the company that owns University of Phoenix, Apollo Education Group, the largest for-profit, increased 6 percent. Both are at a 52-week high. The broad S.&P. 500 index, by contrast, rose 1.3 percent in the days after the election.

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