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While the sour economy has many higher ed institutions pinching pennies, for-profit schools seem to be doing well. Enrollment at for-profit schools was up 15% in the last quarter, according to Stifel Nicolaus, a Cleveland brokerage firm.
Most for-profits offer fast programs for people looking for a career change; they keep costs down with minimal frills, sports teams and research. "As unemployment rises, these companies tend to get a tail wind," said Jason Anderson, a Stifel Nicolaus analyst.
Moody's Investor Services recently issued a negative credit outlook for higher ed, citing their endowment losses of 25-35% since June. Public schools are used to tighter budgets and are in a better position than regional private colleges, according to Moody's.
The Apollo Group Inc. owns the University of ...