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Apollo Group, Inc. Announces Completion of SEC Investigation

PHOENIX--(BUSINESS WIRE)--July 3, 2007--Apollo Group, Inc. (Nasdaq: APOL) is pleased to announce that it received notice today from the staff of the Securities and Exchange Commission ("Commission") that the staff has completed its investigation and that they do not intend to recommend any enforcement action by the Commission.

About Apollo Group, Inc.

Apollo Group, Inc. has been an education provider for more than 30 years, operating the University of Phoenix, the Institute for Professional Development, the College for Financial Planning, Western International University and Insight Schools. The Company offers innovative and distinctive educational programs and services from high school through college level at 260 locations in 40 states, Puerto Rico, Alberta, British Columbia, the Netherlands, and Mexico, as well as online, throughout the world.

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

CONTACT: ICR
Allyson Pooley, 310-954-1100 (Investor Relations)
apooley@icrinc.com
or
Apollo Group, Inc., Phoenix
Janess Pasinski, 480-557-1719
janess.pasinski@apollogrp.edu
Ayla Dickey, 480-557-2952 (Press)
ayla.dickey@apollogrp.edu
SOURCE: Apollo Group, Inc.