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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 ...
“We respectfully, but adamantly disagree with the U.S. Department of Education’s allegations related to the Dec. 2019 University of Phoenix settlement with the Federal Trade Commission,” it ...
In 2019, University of Phoenix and its parent company, Apollo Education Group, brokered a record $191 million settlement with the Federal Trade Commission to resolve charges that their advertising ...
In April 2023, the University of Arkansas System Board voted against the proposed sale. [108] 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. [109] A new entity was created for the purchase by U of I ultimately named Four Three Education. [110]
A settlement 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." [49] [50] In April 2023, the Supreme Court rejected a challenge to the settlement and allowed to proceed the debt cancellation due to alleged fraud. [51]
In February 2023, the U.S. Supreme Court heard oral arguments in Biden v. Nebraska concerning President Biden's order to cancel student loan debt for an estimated 40 million debtors. [48] [49] In June 2023, the U.S. Supreme Court ruled in favor of Nebraska to block Biden's plan to forgive federal student loans. [50]
The university formed the not-for-profit to purchase the University of Phoenix and all of its assets in a $550 million deal that came to light on May 17. The name change is up for approval by the ...
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. [18] The university has approximately 40 campuses and confers degrees in over 100 degree programs at the associate, bachelor's, master's and doctoral levels. [19]