The for-profit education industry is becoming a contrarian hotbed after the Department of Education's initial round of rule-making for the industry was not as strict as many investors had anticipated. However, the companies' reliance on Title IV funding is sure to sink them in the long run.
But in Augusta, it’s the for-profit private schools that are raking in taxpayer dollars, charging a tuition that in some cases is five times higher than the area’s larger public universities and colleges.
Small cap for-profit education stock Career Education Corp. (CECO) has one big advantage over both public and private schools plus it may have made a key reversal on the charts.