Education Names Soar (APOL, CECO, ESI)

Educations stocks surged today on broker comments regarding the changing of a post within the Department of Education. The Education Department is seen cracking down on for-profit education schools by eliminating bonuses for the schools' recruiters and linking graduates' student aid payments to income as defaults soar. A personnel change within the Department of Education may be viewed as a positive development and a sign that for-profit schools may be subject to less stringent regulations. Apollo Group

group soared $5.07, or 9.6%, to $57.85. Career Education rose $2.83, or 9.82%, to $31.66. ITT Educational Services

popped $7.57, or 7.38%, to $110.08.