The Federal Trade Commission said the settlement is the largest the agency has ever obtained against a for-profit college.ĭownload the NBC News app for breaking news and politics It suggested the school worked with those companies to create job opportunities for students, even though there was no such agreement, investigators found. The deal, announced Tuesday, settles a dispute over an ad campaign the for-profit college launched in 2012 touting partnerships with companies including Microsoft, Twitter and Adobe. University Of Phoenix To Cancel $141 Million In Student Debt A year later, 66 percent of them had left. Senate’s Health, Education, Labor and Pensions Committee, chaired by Democrat Tom Harkin, found that in 20 more than 177,000 people enrolled in the online associate’s degree program. Most of the students who started in the online associate’s degree program ended up dropping out. The Online Central Campus in Phoenix, Ariz., where advisers talk with prospective students. “And they enrolled a lot of students,” says Urdan.īut Axia ended up causing a big problem - one the University of Phoenix is still trying to recover from. ![]() The degrees were priced so that students could cover the full cost using just government grants and loans. Phoenix created a new college called Axia that offered associate’s degrees online. These degrees - which typically cost less and take less time to earn - had been gaining in popularity as more people began to pursue postsecondary education. The University of Phoenix believed what that generation needed was associate’s degrees. “So they decided that they needed a product for Generation Y, the children of the baby boomers.” “Part of it was that they had really been serving a baby boomer audience, and the baby boomer was starting to age out of the market where going back to school was even relevant,” explains Wells Fargo equity analyst Trace Urdan. And then the company’s business started slowing. In 2004, Apollo stock hit an all-time high of nearly $100 a share. The University Of Phoenix Changes Direction For more information, contact an International Enrollment Representative. ![]() ![]() or another English-speaking country, have 30+ transferrable semester credits from an approved English-speaking institution or pass an ELP exam from an approved testing agency. To meet this, a student must have completed high school in the U.S. Students must meet the English Language Proficiency requirement. REVIEW AXIA COLLEGE PHOENIX UNIVERSITY REVIEW
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