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Shares in Bridgepoint Education and Apollo Group, the corporate parents of for-profit schools Ashford University and the University of Phoenix, have both soared this morning on news that several of their schools have been granted accreditation.
The Accrediting Commission for Senior Colleges and Universities of the
With approximately 130,000 current students, the collective campuses of Education Management ("EDMC") make up one of the larger university systems in the country.
- There are 2.2 million people over the age of 60 who still have student loan debt. Collectively they own $43 billion. Each averages slightly more than $19,000 in outstanding loan principal balance.
- Debt loads are highest for borrowers in their 30s. Average debt load for this group is a