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74-719: The company owns and operates several higher-learning institutions, including the University of Phoenix , BPP Holdings in the United Kingdom, University for the Arts, Sciences, and Communication in Santiago, Chile, and Universidad Latinoamericana in Mexico. Apollo Education Group, Inc. was founded in 1973 by John Sperling and John D. Murphy. Corporate revenues for the year ending August 31, 2005 were $ 2.251 billion. In 2008, Apollo Group formed

148-652: A 62% interest in TIY Academy, LLC ("The Iron Yard"), a provider of nondegree information technology bootcamp programs in the United States, for $ 15.9 million. The Iron Yard subsidiary closed all campuses in 2017 and ceased operations early in 2018. The College of Financial Planning was acquired by Apollo in 1997 and sold to Kaplan in December 2017. Carnegie Learning is a publisher of math curricula for middle school , high school , and post-secondary students. The company uses

222-787: A December 2010 Bloomberg article, former UoPX senior vice president Robert W. Tucker noted that "at critical junctures, [co-founder] John [Sperling] chose growth over academic integrity, which ultimately diminished a powerful educational model". At its peak, UoPX operated more than 500 campuses and learning sites. The university began to focus on opening new resource centers for online students to provide spaces for alumni to network and current students to seek assistance from professors and peers. In August 2011, Apollo Group announced it would buy 100% of Carnegie Learning to accelerate its efforts to incorporate adaptive learning into its academic platform. Controversies concerned its marketing and recruitment practices, instructional hours, its status as one of

296-545: A bachelor's degree shortly before his 33rd birthday (he began college in 2002 at the University of Pittsburgh ) and was a spokesman for UoPX. Several American policymakers have been affiliated with University of Phoenix and Apollo Education. Former secretary of the Department of Education , Margaret Spellings , is a member of the Apollo Group Board of Directors. Jane Oates, a former staffer for Senator Ted Kennedy and

370-630: A blended approach, with a textbook and software (called Cognitive Tutor ) for each subject. The company also produces products for the homeschool and tutoring markets. Based in Pittsburgh, Pennsylvania , Carnegie Learning was founded by cognitive science researchers from Carnegie Mellon University in conjunction with veteran mathematics teachers. All of the Cognitive Tutor curricula are based on extensive scientific research from Carnegie Mellon University , along with field tests in schools throughout

444-668: A class-action lawsuit against the corporation, arguing that it withheld information leading to large losses in stock prices. Several of the allegations related to UoPX's recruiting of military personnel and veterans. In February 2016, Apollo Group announced its sale to a private investment group comprising Apollo Global Management , the Vistria Group, and the Najafi Companies , for $ 1 billion. Former U.S. Department of Education deputy secretary Anthony W. Miller , partner and chief operating officer of Vistria, became chairman. The sale

518-403: A decline in enrollment, with degreed enrollment declining from 380,000 in 2011, to 328,000 in 2012, to 269,000 in 2013. In 2015, co-founder John D. Murphy argued that Apollo Group "lost its direction when it abandoned its roots, which were serving working adults, not recent high school graduates." On May 6, 2016, the shareholders of the company approved the sale of the firm for $ 1.14 billion to

592-663: A donation of more than $ 50,000 after the organization was allegedly involved in instigating the 2021 United States Capitol attack . Meritus University Meritus University is the Canadian brand name of a for-profit university owned and operated by the Apollo Group in the United States, the owners of the University of Phoenix . The offices of the company are located in New Brunswick , Canada . On January 24, 2011, citing how "enrollment will continue to be insufficient to sustain

666-483: A group of private investors: Najafi Companies, a Phoenix firm, the New York-based Apollo Global Management and, the Vistria Group of Chicago. The offer amounted to $ 10 per share, compared to its high of $ 89/share in 2009. The delisting was completed on February 1, 2017. The amount of lobbyists for Apollo Education Group was reduced from 27 in 2018 to 10 in 2021. In March 2022, Pearson rejected

740-441: A high-school diploma, GED , or an equivalent qualification. The school also provides associate or bachelor's degree applicants opportunity for advanced placement through its prior learning assessment , through which, aside from previous coursework, college credit can come from experiential learning essays, corporate training, and certificates or licenses. University of Phoenix students owe more than $ 35 billion in student loan debt,

814-422: A joint venture with Carlyle Group , called Apollo Global, to make international acquisitions. Apollo also purchased schools in Mexico and Chile As of 5 October 2011, Apollo Group had a market capitalization of $ 5.36 billion and a price-to-earnings ratio of 13.22. The Apollo Group announced quarterly results on 30 June 2011. The company reported $ 1.45 in earnings per share for the previous quarter, exceeding

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888-575: A partner of U.S. Army University and has had a presence at a few military bases. The institution depends almost entirely on contingent faculty : about 97 percent of Phoenix instructors teach part-time, compared to 47 percent nationwide. This reliance on part-time faculty has been criticized by regulators and academic critics. Most of the classes are centrally crafted and standardized to ensure consistency and to maximize profits. No faculty members get tenure . Adjuncts earn approximately $ 1000–$ 2000 per course. Approximately 21 cents of every tuition dollar

962-483: A peak enrollment of more than 470,000 students with a revenue of $ 4.95 billion. A 2010 report found that its online graduation rate at the time was only five percent. Later in the year, the university paid $ 154.5 million for 20-year naming rights for advertising purposes of the University of Phoenix Stadium in Glendale, Arizona . The company terminated the naming rights deal on April 11, 2017, and on September 4, 2018,

1036-600: A professional training portfolio, the latter of which is a collection of documents such as transcripts from other schools, certificates, licenses, workshops or seminars. UoPX has been regionally accredited since 1978 by the HLC. In May 2013, the university's accreditation status was placed on "notice" for a period of two years (with allowed retention of their regional accreditation) by the HLC, due to "insufficient autonomy relative to its parent corporation". The HLC Institutional Actions Council First Committee (IACFC) concerns centered on

1110-541: A resolution urging the Idaho State Board of Education to overturn its May 2023 vote endorsing the acquisition. Later in the month, Idaho's Senate State Affairs Committee brought SB 1450 to the floor, which intended to restructure Four Three Education into an independent body corporate politic rather than a not-for-profit, but the Idaho Senate narrowly voted the bill down, with 14 yes votes to 19 no votes. After passing

1184-457: A settlement of $ 191 million related to charges that it recruited students using misleading advertisements . NPR reported the amount included $ 50 million in cash (which was later distributed as checks to more than 100,000 former students), as well as a $ 141 million cancellation in student debt , though the cancellations "won't affect student borrowers' obligations for federal or private loans". The institution admitted no wrongdoing as part of

1258-611: A substantive change” for the University of Idaho. Idaho Attorney General Raúl Labrador sued the University of Idaho, alleging that the acquisition was being pursued in violation of Idaho's Open Meetings Law. The case was brought to trial and dismissed in January 2024. Labrador appealed the decision, taking the case to the Idaho Supreme Court . In March 2024, the Idaho legislature passed

1332-536: A two year "teaching out" plan to allow students an opportunity to graduate from West or transfer to another institution. The school ceased all operations and officially closed in February 2019. After a separate investigation in 2004, the Apollo Group paid about $ 10 million in fines to the U.S. Department of Education , which had criticised UoP's admissions practices: for example, recruiters were paid bonuses depending on

1406-658: A £7bn takeover bid from Apollo Global Management. Anthony W. Miller is Apollo Education Group's chairman. The University of Phoenix is a wholly owned subsidiary of the Apollo Education Group. The University of Phoenix is one of the largest higher education providers in North America. The university has approximately 40 campuses and confers degrees in over 100 degree programs at the associate , bachelor's , master's and doctoral levels. The University of Phoenix has an open enrollment admission policy only requiring

1480-693: Is John Woods. Lynne previously worked at Arthur Andersen , Education Management Corporation , Northcentral University , and HotChalk . Woods has a PhD in higher education administration from Bowling Green State University. According to the College Scorecard , the University of Phoenix student body's ethnic composition is 39 percent unknown, 26 percent white, 20 percent black, 11 percent Hispanic, 2 percent multiracial, with 1 percent each for Asian, American Indian/Alaska Native and Native Hawaiian/Pacific Islander as of July 2022 . The 2020 Academic Annual Report for UoPX indicated women make up two-thirds of

1554-533: Is a holding company of the United Kingdom-based provider of professional and academic education. The company is divided into BPP Learning Media , BPP Professional Education and BPP University. BPP University is a United Kingdom degree-awarding body with four schools: BPP Business School , BPP Law School , BPP School of Health and BPP School of Foundation and English Language Studies . Apollo Global acquired BPP Holdings (which includes BPP University ) in

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1628-524: Is institutionally accredited by the Higher Learning Commission and has an open enrollment admissions policy for many undergraduate programs. The school is owned by Apollo Global Management and Vistria Group. University of Phoenix was founded in 1976 by John Sperling and John D. Murphy. In 1980, it expanded to San Jose, California , and launched its online program in 1989. Much of UoPX's revenue came from employers who were subsidizing

1702-680: Is spent on instruction. According to the Integrated Postsecondary Education Data System , the student to faculty ratio is 110 to 1 in the Arizona segment. The university reported 76 full-time and 3,143 part-time faculty in its Arizona segment; full-time faculty make up 2 percent of the total faculty. In 2016, a Brookings Institution study estimated University of Phoenix's five-year student loan default rate at 47 percent. The College Navigator lists University of Phoenix's overall graduation rate at 15 percent. According to

1776-548: Is to provide a broad educational foundation, with a focus on business and technology, designed to prepare students for leadership positions in a dynamic, global marketplace. West was formerly located in Phoenix, Arizona and was more recently located in Tempe, Arizona . West offered in person classroom teachings and online education. The university started shutting down in March 2017 and developed

1850-502: Is when they started going to Wall Street ." The sentiment was echoed by Murphy in his book Mission Forsaken: The University of Phoenix Affair with Wall Street . In 2004, Murphy thought that "the University of Phoenix abandoned its founding mission of solely serving working adult learners to admit virtually anyone with a high school diploma or GED." In terms of revenue, UoPX began to rely less on corporate assistance and more on government funding. In 2007, The New York Times reported that

1924-705: The Academic Competitiveness Grant , Federal Pell Grant , National Science & Mathematics Access to Retain Talent Grant (National SMART Grant) , Federal Direct Student Loan Program , Federal Supplemental Educational Opportunity Grant , Federal Direct PLUS Loans , Federal Perkins Loan , and the Wounded Warrior Project . In the 2017–18 award year, 51,990 UoPX received the Federal Pell Grant. Besides postsecondary degree-level programs,

1998-457: The Council for Higher Education Accreditation . UoPX was ranked 386th out of 391 schools in the 2021 Washington Monthly list of national universities. The university is ranked #331-440 in the 2022 edition of the U.S. News & World Report National Universities. UoPX is a subsidiary of Apollo Global Management and Vistria Group. The president is Chris Lynne and the chief academic officer

2072-531: The Department of Defense suspended the school's ability to recruit on U.S. military bases and receive federal funding for educating members of the U.S. military. After protest from senators John McCain , Jeff Flake , and Lamar Alexander , the suspension was lifted in January 2016. The Federal Trade Commission (FTC) began investigating the university in 2015 in regard to an advertising campaign it ran from 2012 to 2014. On December 10, 2019, UoPX agreed to pay

2146-459: The Thomson Reuters estimate of $ 1.33 by $ 0.12. Apollo Group's quarterly revenue was down 7.6% on a year-over-year basis. In March 2011 the Apollo Group sold its corporate headquarters in Arizona and leased it back in order to raise $ 170 million in cash. The deal with Cole Real Estate Investments included a 20-year lease requiring Apollo to remain in the complex. "In our view, it does not change

2220-531: The 2016–17 school year. During this time, the university continued to spend tens of millions of dollars on marketing and advertising, including $ 27 million on internet paid search advertising. The Brookings Institution reported that UoPX spent $ 76 million on advertising in 2017. From 2009 to 2015, University of Phoenix received an estimated $ 1.2 billion of federal money issued through the G.I. Bill. The university enrolled almost 50,000 such students in 2014, twice as many as any other institution. In October 2015,

2294-510: The 2019 academic report, degreed enrollment was 87,400. In March 2020, the U.S. Department of Veterans Affairs (VA) announced that they had suspended certification for G.I. Bill funds for new students at UoPX, citing a history of deceptive recruiting practices. The VA withdrew its threat of sanctions in July 2020. The same year, UoPX received $ 6.5 million in CARES Act funding and $ 7.4 million in

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2368-487: The College Scorecard, of student debtors two years into repayment, 32 percent were in forbearance, 28 percent were not making progress, 13 percent were in deferment, 11 percent defaulted, 7 percent were making progress, 5 percent were delinquent, 2 percent were paid in full, and 1 percent were discharged. Phoenix alumni in the government sector include Howard Schmidt , Mary Peters (1994), and Brad Dee (1991). In

2442-734: The Department of Labor, became the Apollo Group's vice president for external relations in 2013. Nancy Pelosi 's close friendship with Sperling has been documented by Suzanne Mettler in Degrees of Inequality. University of Phoenix has community partnerships with Boys and Girls Clubs of America , the American Red Cross, and the Junior League. In 2016, University of Phoenix partnered with the ASIS Foundation to provide scholarships for students studying for security-related degrees. In March 2016,

2516-549: The FTC filed suit against Apollo and University of Phoenix. The court ordered Apollo and UoP to comply with the FTC's civil investigative demands. University of Phoenix University of Phoenix ( UoPX ) is a private for-profit university headquartered in Phoenix, Arizona . Founded in 1976, the university confers certificates and degrees at the certificate , associate , bachelor's , master's , and doctoral degree levels. It

2590-551: The May 31st deadline of the original purchase agreement, both sides agreed to an extension, creating a new end date of June 10, 2025. In the agreement, Phoenix will reimburse the U of I $ 5 million, covering some of the legal fees related to due diligence of the purchase agreement. A non-exclusivity structure was also agreed upon, where Phoenix would be allowed to either seek a new buyer or undergo an initial public offering during negotiations. If Phoenix does not come to an agreement with U of I by

2664-653: The United Kingdom for $ 607 million in July 2009. The Universidad Latinoamericana in Mexico was acquired by the Apollo Group in 2007. Open Colleges in Australia was acquired for a 70% share agreement by the Apollo Group in 2013. Apollo Group announced in August 2011 a $ 75 million deal to buy Carnegie Learning along with a separate agreement to acquire related technology from CMU for $ 21.5 million, to be paid over 10 years. In 2007, Apollo Group purchased Aptimus for $ 48 million. Aptimus

2738-499: The United States. The Cognitive Tutors are based on the ACT-R theory of learning, memory and performance. The Tutors themselves were developed using an empirical testing process. Western International University (West) was a university offering online and in person classroom programs for adult learners . Founded in 1978, West offered associate, bachelor's and master's degree programs to approximately 1,374 students (Fall 2014). West's mission

2812-422: The University of Phoenix between September 21, 2012, and December 31, 2014. In April 2024, the University of Phoenix and California Attorney General Rob Bonta resolved an investigation into UoPX's use of military student recruitment tactics from 2012 through 2015 via settlement, where the university agreed to pay out $ 4.5 million in penalties and other fees. Apollo Global Management has been attempting to sell

2886-473: The University of Phoenix since 2021. A number of schools and systems were approached, including Tuskegee University , UMass Global , the University of Arkansas System , and the University of Idaho (U of I). In April 2023, the University of Arkansas System Board voted against the proposed sale. In May 2023, the University of Idaho announced a deal to acquire the University of Phoenix. The total cost would be $ 685 million raised through bonds. A new entity

2960-661: The abbreviated courses and the use of learning teams result in an inferior education. UoPX has been criticized for lack of academic rigor; Henry M. Levin, a professor of higher education at Teachers College at Columbia University , called its business degree an "MBA Lite", saying "I've looked at [its] course materials. It's a very low level of instruction." The university's "corporate articulation agreements" provide an alternative assessment program for people working at other companies to earn college credit for training they have completed at their jobs. To qualify for college credit, students either write an "experiential essay" or create

3034-650: The claim on behalf of non-Mormon employees of University of Phoenix Online. Under the settlement, University of Phoenix Online agreed to prohibit favoritism toward the Church of Jesus Christ of Latter-day Saints . In July 2015, Apollo announced the Federal Trade Commission (FTC) was investigating UoP for unfair business practices; "The company must hand over documents regarding matters that include its marketing, tuition, billing, accreditation, and military recruitment practices going back as far as 2011." In January 2016,

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3108-664: The deadline, the university owes the U of I another $ 5 million. If Phoenix is bought by another school or seeks an IPO, it agreed to pay the U of I $ 15 million as a "break-up fee". UoPX has an open admissions policy by which most of its undergraduate programs are accessible to anyone with a high school diploma, GED, or their equivalent. Prior to 2010, the university recruited students using high-pressure sales tactics, including assertions that classes were filling fast, by admissions counselors who are paid, in part, based on their success in recruiting students. The university recruits students and obtains financial aid on their behalf, such as

3182-448: The findings but paid a $ 9.8 million fine as part of a settlement where it admitted no wrongdoing and was not required to return any financial aid funds. The university also paid $ 3.5 million to the Department of Labor to settle a violation of overtime compensation regarding hours worked by UoPX's recruiters. UoPX settled a false claims suit for $ 78.5 million in 2009 over its recruiter-pay practices. In 2008, Pereira O'Dell became

3256-575: The first ten scholarship recipients were announced. In 2017, the Vistria Group was part of the deal with Apollo Global Management to take over the schools. Vistria included two friends of Barack Obama : Miller and Martin Nesbitt . In 2019, the Apollo Education Group was the third largest higher education lobby, and has 18 lobbyists at the federal level. In 2021, UoPX demanded that the Republican Attorneys General Association refund

3330-514: The higher education of their managers. Academic labor underwent a process of unbundling , in which "various components of the traditional faculty role (e.g., curriculum design) are divided among different entities, while others (e.g., research) are eliminated altogether". In 1994, UoPX leaders made the parent company, Apollo Group , public. Its enrollment exceeded 100,000 students by 1999. Senator Tom Harkin , who chaired hearings on for-profit colleges, said, "I think what really turned this company

3404-447: The implications of enrollment, including their eligibility for student financial aid. In January 2010, the parent company Apollo Group was required to post a letter of credit for $ 125 million by January 30 of the same year. In 2010, UoPX came under government scrutiny after its Phoenix and Philadelphia campuses were found to have engaged in deceptive enrollment practices and fraudulent solicitation of FAFSA funds. In 2010, UoPX claimed

3478-510: The lead ad agency for UoPX for a reported $ 220 million. During the 2008–2009 fiscal year, the UoPX student body received more Pell Grant money ($ 656.9 million) than any other university and was the top recipient of student financial aid funds, receiving almost $ 2.48 billion. The university's graduation rate was 17 percent, according to federal data that measures first-time, full-time (FTFT) undergraduate students who complete their programs at 150% of

3552-533: The most of any US college. In 2014, University of Phoenix was highlighted in a Time.com article titled "The 5 Colleges That Leave the Most Students Crippled By Debt". Apollo Group formed Apollo Global to manage and form subsidiaries, assets, and holdings overseas. As part of their first acquisitions, Apollo Global acquired University for the Arts, Sciences, and Communication (UNIACC) in Chile as well as

3626-464: The normal time. University of Phoenix has been the largest recipient of federal G.I. Bill tuition benefits and the largest for-profit recipient by Pell Grant assistance funding. In 2009, the Department of Education produced a report claiming the untimely return of unearned Title IV funds for more than 10 percent of sampled students. The report also expressed concern that some students register and begin attending classes before completely understanding

3700-669: The now defunct Meritus University in Canada. Apollo Global is a joint venture between the Apollo Group and the Carlyle Group. The two partners invested $ 1 billion in Apollo Global. The Apollo Group invested roughly $ 801 million and owns 80.1% of the new company. Carlyle invested $ 199 million and controls the remaining shares. Apollo Global replaced Apollo International. Apollo Global changed its name to Vanta Education . Its current holdings are BPP, FAEL, Open Colleges, and ULA. BPP Holdings

3774-520: The number of students they enrolled, a violation of the Higher Education Act . The university's parent company settled by paying the government $ 67.5 million, plus $ 11 million in legal fees, without admitting any wrongdoing. In 2004, the Department of Education alleged that UoPX violated Higher Education Act provisions that prohibit financial incentives to admission representatives, and pressured its recruiters to enroll students. UoPX disputed

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3848-478: The numbers they signed up. "In 2004, a scathing report issued by the US Department of Education concluded that Phoenix, as The Chronicle of Higher Education put it, had a 'high-pressure sales culture' that intimidated recruiters who failed to meet targets and encouraged the enrollment of unqualified students—in short that it rewarded 'the recruiters who put the most "asses in classes " '. Apollo illegally withheld

3922-592: The private sector, alumni include former MBA Chair at the Forbes School of Business & Technology and radio host Diane Hamilton. In military and law enforcement, alumni include Kirkland H. Donald and Harold Hurtt (1991). Former MSNBC anchor and a host of NBC's Early Today Christina Brown is also an alumna of the university. Athletes who have earned degrees from the university include Shaquille O'Neal (2005), Lisa Leslie , Michael Russell (2012), and Larry Fitzgerald (2016). Fitzgerald graduated with

3996-545: The report, but it was leaked and the group's value on the stock market crashed. A suit was brought alleging that its management had 'disseminated materially false and misleading financial statements in an effort to inflate its stock price and attract investors'." "In 2006, the company's controller and chief accounting officer resigned amid allegations that the books had been cooked; in 2007, the Nasdaq Listing and Hearing Review Council threatened to withdraw Apollo's listing from

4070-519: The required quality academic and student service infrastructure we and our students demand", Meritus University announced its closure, with their last classes taking place on March 14, 2011. Meritus University offers undergraduate degree and Masters degree programs. Meritus University’s degree programs are recognized by the New Brunswick Department of Post-Secondary Education, Training and Labour. The University joined Project Hero,

4144-539: The required quality academic and student service infrastructure we and our students demand," Meritus University announced its closure, with their last classes taking place on March 14, 2011. Insight Schools is an online high school offering classes from 9th to 12th grade. Insight both ran high schools for school districts and operated online schools in several U.S. states. Apollo Group acquired Insight Schools in 2007; in 2011 Apollo Group sold Insight Schools to Kaplan, Inc. On June 11, 2015, Apollo Education Group acquired

4218-651: The same year, Arthur Green, a former UoPX enrollment advisor, sued the school and claimed that it had violated the US False Claims Act . According to Green, he was fired for uncovering billions of dollars in fraud. Five years later, the case was dismissed in 2019 after the US Department of Justice under William Barr decided not to take the case and the records were sealed. In 2014, UoPX partnered with 47 historically black colleges and universities to offer UoPX classes that transfer to these institutions. 142,500 students enrolled on August 31, 2016, and 119,938 during

4292-494: The school offers continuing education courses for teachers and practitioners, professional development courses for companies, and specialized courses of study for military personnel. Students spend 20 to 24 hours with an instructor during each course, and are required to collaborate on learning team projects. Students have access to class-specific online resources, which include an electronic library of textbooks and other course materials. Some academics and former students argue

4366-517: The school's degeneration from a provider of working adult continuing education programs to a money making machine whose sole criterion for admission was eligibility for federally funded student loans. In 2014 the Department of Education's Office of the Inspector General demanded records from the school and Apollo Group going back to 2007 "related to marketing, recruitment, enrollment, financial aid, fraud prevention, [and] student retention". In

4440-491: The school's graduation rate had plummeted and that educational quality had eroded. In 2000, the federal government fined the university $ 6 million for including study-group meetings as instructional hours. In 2002, the Department of Education relaxed requirements on instructional hours. A 2003 lawsuit filed by two former university recruiters alleged that the school improperly obtained hundreds of millions of dollars in financial aid by paying its admission counselors based on

4514-556: The second round of COVID-19 relief funds. In 2020, UoPX began experimenting with micro-campuses, giving the centers a " WeWork vibe". In 2021, Bloomberg reported that Apollo's higher education investment had gained about 50 percent in value: from its $ 634 million initial investment to $ 956 million. UoPX also received $ 3.4 million in aid through the American Rescue Plan . In 2021, UoPX continued to close campuses, including Atlanta and Salt Lake City. The Phoenix, Arizona campus

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4588-424: The settlement, which was at the time the largest FTC settlement against a for-profit school. In 2015, MarketWatch reported that UoPX students owed more than $ 35 billion in student loan debt , the most of any US college at the time. Between 2010 and 2016, enrollment declined by more than 70 percent amid multiple investigations, lawsuits, and controversies. In 2016, Apollo Education Group shareholders filed

4662-572: The stadium's naming rights were acquired by State Farm . In August 2010, an ABC News investigation identified a UoPX recruiter who sought new students from Y-Haven, a homeless shelter in Cleveland , Ohio . Another University of Phoenix recruiter falsely claimed that the university's Bachelor of Science in Education degree would be sufficient to qualify the producer to teach in Texas or New York . In

4736-466: The stock exchange." In January 2008, the above stock-price suit was decided. Apollo was found liable for misleading investors by failing to disclose the Department of Education report that criticized the University of Phoenix's recruiting practices. The jury awarded the shareholders $ 280 million in damages. The trial judge vacated the verdict and found for the defendants, but the Ninth Circuit reinstated

4810-443: The student body, the average student age is 37, and more than 83 percent of its students are employed while in school. The 2020 report also noted that 21% of the student body were affiliated with the military, of which 41% are women. 26% of 2020 graduates were military-affiliated graduates. In 2020–21, 1,316 students used Department of Defense Tuition Assistance and 7,380 students used G.I. Bill funds. University of Phoenix has been

4884-569: The top recipients of student aid, and a student body carrying the most student debt of any college. In 2013, the Department of Defense ended its contract with University of Phoenix for military bases in Europe. U.S. military commanders at Fort Campbell , Kentucky, allowed UoPX representatives to advertise and place promotional materials in high-traffic areas. Access was provided in exchange for cash. Murphy wrote in Mission Forsaken (2013) about

4958-504: The university's governance, student assessment, and faculty scholarship in relation to Ph.D. programs. In June 2015, the HLC determined that the University of Phoenix had resolved those concerns. University of Phoenix has 18 programs with business, healthcare, nursing, counseling and education having programmatic or specialized accreditation. Some individual colleges within University of Phoenix hold specialty accreditation or are pre-accredited by accrediting agencies that are recognized by

5032-446: The verdict. The U.S. Supreme Court declined to hear Apollo's appeal of the verdict. The case ultimately resolved with Apollo being liable for $ 145 million; the reported $ 280 million figure may have been an error because the jury's award was for $ 5.55 per share. In November 2008, Apollo paid $ 1.89 million to settle a religious discrimination class action without admitting wrongdoing. The Equal Employment Opportunity Commission had brought

5106-595: The view of the company. Apollo isn't hungry for cash: It carries little debt but generates $ 4 billion in revenue and has $ 650 million in net income and $ 1.5 billion in cash on its balance sheet", commented Peter Wahlstrom of Morningstar , an investment-research company. Revenue of the company continued to fall: in the fiscal year ending on August 31, 2011, the net revenue was $ 4.7 billion; in 2012, $ 4.2 billion; in 2013, $ 3.6 billion. The operating income during this period fell from $ 956 million in 2011, to $ 676 million in 2012, to $ 427 million in 2013. The company attributed this to

5180-540: Was a full-service, in-house marketing agency for Apollo Group education institutions, including the University of Phoenix, Axia College, the Institute for Professional Development, Olympus High School, and Insight School. Lutheran High School of Orange County (LHSOC) licenses its name to the Apollo Group to offer online courses. Apollo Group owned and operated Meritus University in Canada. On January 24, 2011, citing how "enrollment will continue to be insufficient to sustain

5254-414: Was approved by both the Department of Education and the Higher Learning Commission (HLC). In December 2016, the U.S. Department of Education approved of the sale of Apollo Education Group to Apollo Global Management. The company provided a letter of credit for up to $ 385 million. In February 2017, after the takeover by Apollo Global Management, UoPX laid off 170 full-time faculty members. According to

5328-586: Was approved in August 2022, stating that the schools on the list were included "substantial misconduct by the listed schools, whether credibly alleged or in some instances proven." In April 2023, the Supreme Court rejected a challenge to the settlement and allowed to proceed the debt cancellation due to alleged fraud. On September 20, 2023, the Biden administration canceled nearly $ 37 million of federal student loan debt for more than 1,200 borrowers who were enrolled at

5402-399: Was created for the purchase by U of I ultimately named Four Three Education. The Higher Learning Commission approved a "continuation of accreditation" for the school under Four Three Education. The Northwest Commission on Colleges and Universities (U of I's accreditors) completed a review of the potential acquisition and continued accreditation, determining that the deal “does not constitute

5476-574: Was the only location accepting new in-person students. UoPX would later announce that only one campus would remain open in 2025. The University of Phoenix was one of 153 institutions included in student loan cancellation due to alleged fraud. The class action was brought by a group of more than 200,000 student borrowers in 2019, assisted by the Project on Predatory Student Lending, part of the Legal Services Center of Harvard Law School. A settlement

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