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Privacy Policy.University of Phoenix provides access to higher education opportunities that enable students to develop knowledge and skills necessary to achieve their professional goals, improve the performance of their organizations, and provide leadership and service to their communities. Under which this service is provided to you. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018Ĭable News Network. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. In a recent filing, Apollo Education Group said it expected some of its University of Phoenix programs to be impacted by the new rule, and already stopped enrolling new students for those programs. One new rule, which aims to hold colleges responsible for preparing their students for "gainful employment," allows federal money to be withheld if graduates have too much debt compared to their income. New federal regulations may be making it harder for the schools to enroll more students as well. And some non-profit colleges have started offering online programs, making the space more competitive. The government has set up a fast-track process to debt relief, but it's only for those who were attending a Corinthian College when it closed.Ī stronger economy may be one of the reasons enrollment is down at for-profit schools, which attract adults who are returning to school as a way to get a better job. It's difficult for these students to prove they were misled. Saddled with debt, thousands are asking the government to forgive their federal loans. Many former students claim that these schools misled them about how much it would cost to attend and how likely it would be to get a job in their field after finishing. And just last month, DeVry Univeristy was sued by the FTC over the same issue. Corinthian Colleges closed last year after being fined $30 million for overstating the job placement rates of graduates.
The University of Phoenix is not the only for-profit school that has faced tougher scrutiny. Related: More Corinthian students will get debt relief The ban was lifted after the agency completed a review, which took about three months. The Department of Defense banned the University of Phoenix from recruiting on military bases after finding that it did not get proper approval to hold events there.
The school has also been criticized for aggressively recruiting veterans. In July, the Federal Trade Commission announced that it was investigating the University of Phoenix to determine whether or not its recruiters deceive potential students about its degree programs and job placement rates. The college brought in $134 million less from tuition and fees compared to the same quarter the year before, according to a recent filing. Related: DeVry University sued for 'deception'Īt the University of Phoenix, new student enrollment was down 38% in its last quarter of 2015.
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