For-Profit Education Stocks Hit As Accreditation Decisions by HLC Questioned (APOL, CECO, COCO)

The weakness in post secondary education stocks appears to be related to a letter sent by the Office of Inspector General for the US Dept of Education related to The Higher Learning Commission.

The office said, "... HLC granted AIU full initial accreditation with no limitations on the programs it offered at the time of initial accreditation. This action by HLC is not in the best interest of students and calls into questions whether the accreditation decision made by HLC should be relied upon by the Department of Education when assisting students to obtain quality education through the Title IV programs.

We recommend that the Office of Postsecondary Education determine whether HLC is in compliance with 34 C.F.R. Part 602 and, if not, take appropriate action under 34 C.F.R. Part 602 to limit, suspend, or terminate HLC's recognitions by the Secretary."

• Apollo Group Inc. (NASDAQ: APOL)
  
  
• DeVry, Inc. (NYSE: DV)
  
  
• Corinthian Colleges Inc. (NASDAQ: COCO)
  
  
• ITT Educational Services (NYSE: ESI)
  
  
• Strayer Education (Nasdaq: STRA)
  
  
• Career Education (Nasdaq: CECO)
  
  
• Bridgepoint Education (NYSE: BPI)
  
  
• Capella Education (Nasdaq: CPLA)
  
  
• Grand Canyon Education (Nasdaq: LOPE)

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