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Massachusetts Investigating Apollo Group's University of Phoenix

NEW YORK -(Dow Jones)- Apollo Group Inc.'s (APOL) University of Phoenix has been asked by the Massachusetts Attorney General to hand over information on its recruitment and student financial-aid practices, joining at least two other publicly traded schools facing such a request. Phoenix, which has three campuses in Massachusetts as well as an online operation, according to the school's website, said in a securities filing early Monday that it was asked to provide documents and information regarding a "broad spectrum" of its business from 2002 to the present. Last week, one of Washington Post Co.'s (WPO) Kaplan Career Institute campuses in Boston received a similar request, and Corinthian Colleges Inc. (COCO) disclosed late last month that its Everest Institute locations in Brighton and Chelsea also received investigative demands. Apollo said in a securities filing Monday that it believes Massachusetts is part of a coalition of states investigating the for-profit college industry. The Huffington Post earlier this month reported that a group of 10 states is looking into the sector's business practices to see if any violated consumer protection statutes. It confirmed Kentucky, Florida, Illinois and Iowa as members. Apollo said in the filing that it is "evaluating" the demand. -Melissa Korn, Dow Jones Newswires; 212-416-2271;

Stock News for Apollo (APOL)
05/22/201504:00:00University of Phoenix and AMVETS Offer Full-Tuition Scholarships
05/18/201516:40:55Statement of Changes in Beneficial Ownership (4)
05/12/201508:00:00University of Phoenix Poll Finds Role of Nurses is Expanding
05/08/201512:00:00Boys & Girls Clubs of America & University of Phoenix Recognize...
05/06/201517:33:27Initial Statement of Beneficial Ownership (3)
05/04/201517:45:39Statement of Changes in Beneficial Ownership (4)
05/04/201513:36:00K-12 Teachers Rate the Ability to Affect Students, Lifelong Learning...
05/04/201512:05:00Apollo Education Group, University of Phoenix and EMC to Address...
04/30/201513:00:00University of Phoenix Responds to Security Industry Training...
04/28/201516:22:37Current Report Filing (8-k)
04/28/201516:20:00Apollo Education Group Announces CFO Departure; Joseph D’Amico N...
04/15/201518:05:22Statement of Changes in Beneficial Ownership (4)
04/12/201500:36:15Apollo Education: Calling For Management's Resignation And A...
04/08/201508:00:00Carnegie Learning Mathematics Curricula Approved by the State...
04/06/201507:35:37For Profit Educational Stocks Will Continue To Decline, But They...
04/02/201519:06:22Statement of Changes in Beneficial Ownership (4)
04/01/201508:00:00University of Phoenix and the (ISC)² Foundation Offer 10 Full-tuition...
03/31/201510:00:00University of Phoenix Names Meredith Curley, Ed.D., as University...
03/31/201506:10:56Can Apollo Fight Online Education Any Longer?
03/27/201519:06:42Apollo Warns, Get Out Of For-Profit Education Now

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