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University of Phoenix and DeVry Fail, New Open Schools on the Rise

Josh Fuchs

Enrollment dropped by 15 percent at University of Phoenix, which spends a mere 17 percent of its money on instruction and 22 percent on marketing, and closed 25 campuses and 800 jobs. DeVry’s stock price was cut in half. Part of the reason for this sudden dropoff is the recession and the high cost of tuition at these institutions, but the momentum of the open schools and the open online education market is undoubtedly a huge factor....READ MORE

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