For-Profit Schools Crushed On Loan Repayment Report (COCO, STRA, CPLA, APOL)

Shares of for-profit education stocks are under heavy pressure today after the Dept of Education listed the fiscal 2009 loan repayment rates, which showed that a number of them are in danger of running afoul of a proposed gainful employment Notice of Proposed Rulemaking.

Corinthian Colleges (Nasdaq: COCO), Strayer (Nasdaq: STRA), Washington Post Co.'s (NYSE: WPO) Kaplan and ITT Educational Services Inc. (NYSE: ITT) were among the lowest performers.

Universal Technical Institute Inc. (NYSE: UTI), Grand Canyon Education Inc. (Nasdaq: LOPE), American Public Education Inc. (Nasdaq: APEI) and Bridgepoint Education Inc. (NYSE: BPI) had repayment rates above the 45% threshold.

Down Movers:
Corinthian Colleges (Nasdaq: COCO) -25%
Capella Education Co. (Nasdaq: CPLA) -17%
Strayer (Nasdaq: STRA) -15%
ITT Educational Services Inc. (NYSE: ESI) -11.6%
Washington Post Co.'s (NYSE: WPO) -10%
DeVry, Inc. (NYSE: DV) -9%
Career Education Corp. (Nasdaq: CECO) -5%
American Public Education, Inc. (Nasdaq: APEI) -2.2%

Up Movers:
Universal Technical Institute Inc. (NYSE: UTI) +7%
Apollo Group Inc. (Nasdaq: APOL) +5.6%
Grand Canyon Education, Inc. (Nasdaq: LOPE) +3.3%
Bridgepoint Education, Inc. (NYSE: BPI) +3%

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Anthropic hires Google chip veteran as it pushed into hardware - Bloomberg
• DOJ, TikTok settle for $400m in children's privacy suit - Axios
• SEC accuses ex-BofA senior banker Satsky of insider trading - Bloomberg