Capella's new entrance exams to slow growth

The exclusiveness of some America colleges is itself an attraction for many applicants, but obviously for-profit colleges face a different dynamic.

Minneapolis-based Capella Education Co., which will toughen admissions standards by instituting entrance exams for some bachelor's applicants, expects enrollment growth to decline. (Remember: Growth would decline, not enrollment.)

Such a prospect was enough to send its stock falling as much as 23%.

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