Exhibit 99.1

		Apollo Group, Inc.
		News Release

APOLLO GROUP, INC. REPORTS FISCAL YEAR 2012 THIRD QUARTER RESULTS

Phoenix, June 25, 2012 — Apollo Group, Inc. (NASDAQ: APOL) (“Apollo Group,” “Apollo” or the “Company”) today reported financial results for the three and nine months ended May 31, 2012.

Third Quarter 2012 Highlights

“We are focused on delivering the best possible experience and service to support working adults, to address workforce needs, and to strengthen the connection to careers for our students,” said Apollo Group Co-Chief Executive Officer Chas Edelstein. “Evaluating key touch points, we are creating programs and support services that allow our students to focus on learning, experiencing achievements along the way to help inspire them and enhance their long-term outcomes.”

Apollo Group Co-Chief Executive Officer and Apollo Global Chairman Greg Cappelli added, “We are committed to being part of the solution to empower our country by providing access to affordable education and helping students develop the skills they need to succeed. We are investing in innovation to create new and better ways, enhanced by technology, to support adult learners and to connect our students' academic path to their career aspirations.”

Unaudited Third Quarter of Fiscal Year 2012 Results of Operations

Net revenue for the third quarter of fiscal year 2012 totaled $1,130.8 million, which represents an 8.5% decrease compared to the third quarter of fiscal year 2011. The decrease was the result of a 9.1% decrease in University of Phoenix net revenue, due principally to lower University of Phoenix enrollment, partially offset by selective tuition price and other fee changes. For the quarter, University of Phoenix Degreed Enrollment decreased 13.1% to 346,300. New Degreed Enrollment decreased 8.0%, or 5.3% adjusting for available start dates, as compared to the third quarter of fiscal year 2011.

The Company reported income from continuing operations attributable to Apollo Group for the three months ended May 31, 2012, of $134.0 million, or $1.13 per share (118.8 million weighted average diluted shares outstanding), compared to income from continuing operations attributable to Apollo Group of $211.9 million, or $1.51 per share (140.3 million weighted average diluted shares outstanding) for the three months ended May 31, 2011.

Results for the third quarter of fiscal year 2012 included the following:

Results for the third quarter of fiscal year 2011 included the following:

Excluding the special items noted above, income from continuing operations attributable to Apollo Group for the three months ended May 31, 2012, was $142.3 million, or $1.20 per share, compared to income from continuing operations attributable to Apollo Group of $203.5 million, or $1.45 per share for the three months ended May 31, 2011. (See the reconciliation of GAAP financial information to non-GAAP financial information in the tables section of this press release.)

Operating Expenses

Instructional and student advisory increased $12.0 million, or 2.6%, to $470.1 million in the third quarter of fiscal year 2012 compared to the third quarter of fiscal year 2011, which represents a 450 basis point increase as a percentage of net revenue. The expense increase was primarily related to the Company’s initiatives, including technology, to more effectively support students and improve their educational outcomes. This was partially offset by a decrease in costs that are more variable in nature such as faculty and certain advisory functions.

Marketing decreased $2.2 million, or 1.3%, to $158.9 million in the third quarter of fiscal year 2012 compared to the third quarter of fiscal year 2011, which represents a 110 basis point increase as a percentage of net revenue. The decrease in expense was principally attributable to lower advertising costs, offset by costs attributable to establishing relationships with employers and community colleges.

Admissions advisory decreased $4.6 million, or 4.6%, to $95.3 million in the third quarter of fiscal year 2012 compared to the third quarter of fiscal year 2011, which represents a 30 basis point increase as a percentage of net revenue. While admissions advisory headcount decreased, the cost savings was partially offset by higher average employee compensation costs.

General and administrative increased $0.2 million, or 0.3%, to $88.1 million in the third quarter of fiscal year 2012 compared to the third quarter of fiscal year 2011, which represents a 70 basis point increase as a percentage of net revenue.

Depreciation and amortization increased $4.0 million, or 9.8%, to $45.2 million in the third quarter of fiscal year 2012 compared to the third quarter of fiscal year 2011, which represents a 70 basis point increase as a percentage of net revenue. The increase was principally attributable to $3.1 million of intangible asset amortization in the third quarter of fiscal year 2012 as a result of acquiring Carnegie Learning in the first quarter of fiscal year 2012.

Provision for uncollectible accounts receivable (“bad debt expense”) decreased $3.8 million, or 9.7%, to $35.4 million in the third quarter of fiscal year 2012 compared to the third quarter of fiscal year 2011, which represents a 10 basis point decrease as a percentage of net revenue. The decrease was primarily attributable to reductions in gross accounts receivable principally resulting from decreases in University of Phoenix Degreed Enrollment.

Financial and Operating Metrics

Below are Apollo Group’s unaudited financial data and operating metrics for the third quarter of fiscal year 2012 versus the prior-year period.

Unaudited First Nine Months of Fiscal Year 2012 Results of Operations

Net revenue for the first nine months of fiscal year 2012 totaled $3.3 billion, which represents a 9.2% decrease compared to the first nine months of fiscal year 2011. The decrease in net revenue was primarily attributable to University of Phoenix’s 9.7% decrease in net revenue principally due to lower University of Phoenix enrollment, partially offset by selective tuition price and other fee changes. In the first nine months of fiscal year 2012, University of Phoenix's Average Degreed Enrollment decreased 15.0% as compared to the first nine months of fiscal year 2011. The Company reported income from continuing operations attributable to Apollo Group for the nine months ended May 31, 2012, of $347.2 million, or $2.77 per share, (125.3 million weighted average diluted shares outstanding), and $381.3 million, or $2.66 per share, (143.2 million weighted average diluted shares outstanding) for the nine months ended May 31, 2011.

Results for the first nine months of fiscal year 2012 included the following:

Results for the first nine months of fiscal year 2011 included the following:

Excluding the special items noted above, income from continuing operations attributable to Apollo Group for the nine months ended May 31, 2012, was $383.3 million, or $3.06 per share, compared to income from continuing operations attributable to Apollo Group of $560.6 million, or $3.91 per share for the nine months ended May 31, 2011. (See the reconciliation of GAAP financial information to non-GAAP financial information in the tables section of this press release.)

Unaudited Balance Sheet

As of May 31, 2012, the Company’s cash and cash equivalents, excluding restricted cash, totaled $602.1 million, compared to $1,571.7 million as of August 31, 2011. The decrease was primarily attributable to share repurchases, payments on borrowings, capital expenditures, and the purchase of Carnegie Learning, partially offset by cash generated from operations.

As of May 31, 2012, accounts receivable decreased to $191.7 million from $215.6 million at August 31, 2011. Excluding accounts receivable and the related net revenue for Apollo Global, the Company’s days sales outstanding was 20 days as of May 31, 2012, as compared to 23 days as of August 31, 2011 and May 31, 2011.

Total debt outstanding (including short-term borrowings and the current portion of long-term debt) decreased by $473.0 million to $126.0 million as of May 31, 2012, from $599.0 million as of August 31, 2011 due to the repayment of borrowings.

Share Repurchases

The Company repurchased approximately 9.0 million and 17.1 million shares of its common stock at a weighted average purchase price of $36.41 and $43.02 per share for a total cost of $329.0 million and $736.0 million during the three and nine months ended May 31, 2012, respectively. Additionally, subsequent to May 31, 2012, the Company repurchased approximately 0.5 million shares at a total cost of $15.0 million, resulting in $48.5 million remaining of the current share repurchase authorization.

Business Outlook

The Company offers the following commentary regarding the outlook for fiscal year 2012 based on the business trends observed during the third quarter of fiscal year 2012, as well as management’s current expectations of future trends.

Conference Call Information

The Company will hold a conference call to discuss these earnings results at 5:00 p.m. Eastern, 2:00 p.m. Phoenix time, today, Monday, June 25, 2012.

Dial-In Numbers:

877-292-6888 (Domestic)

973-200-3381 (International)

Conference ID: 83919479

A live webcast of this event may be accessed by visiting the Company’s website at www.apollogrp.edu. A webcast replay will be available approximately one hour following the conclusion of the call at the same link.

A telephone replay will be available approximately two hours following the conclusion of the call until July 9, 2012.

Dial-In Numbers:

855-859-2056 (Domestic)

404-537-3406 (International)

Conference ID: 83919479

About Apollo Group, Inc.

Apollo Group, Inc. is one of the world’s largest private education providers and has been in the education business for more than 35 years. The Company offers innovative and distinctive educational programs and services both online and on-campus at the undergraduate, master’s and doctoral levels through its subsidiaries: University of Phoenix, Apollo Global, Institute for Professional Development and College for Financial Planning. The Company offers programs and services throughout the United States and in Latin America and Europe, as well as online throughout the world.

For more information about Apollo Group, Inc. and its subsidiaries, call (800) 990-APOL or visit the Company’s website at www.apollogrp.edu.

Forward-Looking Statements Safe Harbor

Statements about Apollo Group and its business in this release which are not statements of historical fact, including statements regarding Apollo Group’s future strategy and plans and commentary regarding future results of operations and prospects, are forward-looking statements, and are subject to the Safe Harbor provisions created by the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current information and expectations and involve a number of risks and uncertainties. Actual plans implemented and actual results achieved may differ materially from those set forth in or implied by such statements due to various factors, including without limitation (i) changes in the overall U.S. or global economy, (ii) the impact of increased competition from traditional public universities and proprietary educational institutions, (iii) the impact of changes in marketing channels and other recruiting practices to better identify students who are more likely to succeed at University of Phoenix, (iv) the impact of the Company’s restructuring initiatives to increase operating efficiency and better align its operations with its business strategy, (v) changes in enrollment or student mix, (vi) the impact of the Company’s initiatives to improve the student experience, (vii) changes in law or regulation affecting the Company’s eligibility to participate in or the manner in which it participates in U.S. federal and state student financial aid programs, and (viii) changes in the Company's business necessary to remain in compliance with existing, new, or amended U.S. federal student financial aid program regulations, including the so-called 90/10 Rule and the limitations on cohort default rates, and to remain in compliance with the accrediting criteria of the relevant accrediting bodies. For a discussion of the various factors that may cause actual plans implemented and actual results achieved to differ materially from those set forth in the forward-looking statements, please refer to the risk factors and other disclosures contained in Apollo Group's Form 10-K for fiscal year 2011 and subsequent Forms 10-Q, and other filings with the Securities and Exchange Commission, all of which are available on the Company’s website at www.apollogrp.edu.

Use of Non-GAAP Financial Information

This press release and the related conference call contain non-GAAP financial measures, which are intended to supplement, but not substitute for, the most directly comparable GAAP measures. Management uses, and chooses to disclose to investors, these non-GAAP financial measures because (i) such measures provide an additional analytical tool to clarify the Company’s results from operations and help to identify underlying trends in its results of operations, (ii) as to the non-GAAP earnings measures, such measures help compare the Company’s performance on a consistent basis across time periods, and (iii) these non-GAAP measures are employed by the Company’s management in its own evaluation of

performance and are utilized in financial and operational decision-making processes, such as budgeting and forecasting. Exclusion of items in the non-GAAP presentation should not be construed as an inference that these items are unusual, infrequent or non-recurring. Other companies, including other companies in the education industry, may calculate non-GAAP financial measures differently, limiting their usefulness as a comparative measure across companies.

Apollo Group, Inc. and Subsidiaries

Condensed Consolidated Balance Sheets

(Unaudited)

Apollo Group, Inc. and Subsidiaries

Condensed Consolidated Statements of Income

(Unaudited)

Apollo Group, Inc. and Subsidiaries

Condensed Consolidated Statements of Income

(Unaudited)

Apollo Group, Inc. and Subsidiaries

Condensed Consolidated Statements of Cash Flows From Continuing and Discontinued Operations

(Unaudited)

Apollo Group, Inc. and Subsidiaries

Reconciliation of GAAP financial information to non-GAAP financial information

(Unaudited)

Investor Relations Contacts:

Beth Coronelli, (312) 660-2059

beth.coronelli@apollogrp.edu

Media Contact:

Media Relations Hotline, (602) 254-0086

media@apollogrp.edu