“Historically, the education industry benefitted in a bad economy, because people went back to school. That helped in 2008 and 2009, but now many potential students are averse to taking on debt for school. And the fact that unemployment has been so high for so long is weighing on enrollments for the whole industry.”
— Piper Jaffray analyst Peter Appert on one reason enrollment numbers are down at Minneapolis-based Capella Education, among other for-profit education providers.
Capella reported a 15 percent increase in second-quarter net earnings per share, despite a 42 percent decline in new enrollments, the Star Tribune reports.