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The federal government is discharging $37 million in student loans for over 1,200 former students who attended the University of Phoenix. The action applies to borrowers who enrolled in Phoenix ...
University of Phoenix. University of Phoenix [3] ( UoPX) is a private for-profit university headquartered in Phoenix, Arizona. [a] Founded in 1976, the university confers certificates and degrees at the certificate, associate, bachelor's, master's, and doctoral degree levels.
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.
In 2017, a federal endowment tax was enacted in the Tax Cuts and Jobs Act of 2017 in the form of an excise tax of 1.4% on institutions that have at least 500 tuition-paying students and net assets of at least $500,000 per student. The $500,000 is not adjusted for inflation, so the threshold is effectively lowered over time.
The Biden administration is canceling nearly $37 million of federal student loan debt for more than 1,200 borrowers who attended the University of Phoenix because it found that the for-profit ...
FDLP loans are distributed by the DOE, then to the college or university and then to the student. Debt levels Distribution of student loan debt in the U.S. Loan limits are below the cost of most four-year private institutions and most public universities. Students add private student loans to make up the difference.
Colors. Red and black. Website. www .capella .edu. Capella University is a private for-profit, online university headquartered in Minneapolis, Minnesota. The school is owned by the publicly traded Strategic Education, Inc. and delivers most of its education online. Capella has 47 degree programs with over 1,600 online courses.
University of Advancing Technology ( UAT) is a private for-profit university in Tempe, Arizona. Founded in 1983, UAT integrates technology into its general education requirements. The institution offers core classes (e.g., Legal Issues in Technology, Technology and Society, Ethics in Technology), as well as deep sets of courses in each major.