Harvard Is Schooled by DeVry, Apollo

The world of higher education has a strange dichotomy unfolding.

Once laughably feeble, online institutions such as the University of Phoenix, owned by the Apollo Group (APOL Quote), and DeVry University, part of DeVry (DV Quote), are undergoing an enrollment explosion and rapid expansion as renowned brick-and-mortar schools are slashing budgets, shrinking freshman class sizes and freezing development projects.

The reason for this shift is likely driven by the models on which these institutions are built. ...