Apollo Group (NASDAQ:APOL) is the world's largest private education provider. Its University of Phoenix is the largest for-profit university by enrollment. The University of Phoenix offers associate, bachelor's and doctoral degree programs to more than 355,800 enrolled students, at 102 campuses and 157 learning centers in forty states. 95% of Apollo's revenue comes from tuition paid to The University of Phoenix, the group's largest subsidiary.^[1] Apollo has benefited from an gradual increasing trend in university enrollment as well as increased enrollment due to the sluggish US economy. In a slow economy where jobs are hard to come by, many choose to go back to school to further their education. As a result, more people are attending schools like the University of Phoenix. In 2009, the company generated $3.9 billion in revenue and $598 million in net income.^[2]

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