Skip to content
Subscriber Only

For-Profit Colleges Rise as U.S. Eases Rule Proposal

Apollo Group Inc. and Education Management Corp. helped drive a rally by for-profit colleges after the U.S. government relaxed a proposal governing the industry’s access to federal student aid.

An index of 12 schools jumped 6.7 percent at 4 p.m. New York time as shares of Apollo surged 6.4 percent, the most since May 17, and Education Management advanced 7.5 percent.