University of Phoenix owner gets out as 50,500 students flee

By Katie Lobosco Apollo Education Group (APOL) will sell itself to a group of investors, which will take the company private. A former deputy secretary of the Department of Education, Tony Miller, will take the helm at a tough time. Its shares plunged 75% in 2015. Under President Obama, the federal government has been trying to crack down on the way the University of Phoenix and other for-profit schools recruits students. Read the full article here: http://money.cnn.com/2016/02/08/pf/college/university-of-phoenix-online-sold/index.html

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