The University of Phoenix, the for-profit subsidiary of the Apollo Group, is facing new allegations of wrongdoing. The attorney-general of Massachusetts is asking the company for 10 years of documents as part of an investigation into possible “unfair or deceptive practices.”
The cause of for-profit education in the UK took a blow yesterday with the news that BPP University College, the for-profit education company with degree-awarding powers made an operating loss of more than $190 million (£118 million). The losses were largely the result of the US parent company Apollo charging BPP $175million for poorer than [...]
In spite of persistent lobbying by the University and College Union, not least in our recent report on the scandals in the US for-profit sector, the Coalition government seems hell-bent on opening up the UK university sector for private sector profit. BPP, which is owned by Apollo, Kaplan and Laureate have been lobbying the government [...]
The news just keeps getter worse for the Apollo Group and its flagship University of Phoenix. The state of Oregon has announced that it’s suing the company for $US 10 million for securities fraud.
The state’s treasurer and attorney general claim the University of Phoenix prepared misleading financial statements. The for-profit college allegedly overstated its [...]
The Apollo Group has announced that enrollments at its flagship institution, the University of Phoenix, have dropped by a whopping 40%.
According to Bloomberg News, the biggest education company in the U.S. has been forced to withdraw its 2011 earnings forecast due to the declining student numbers and “increased regulatory scrutiny.”
The Obama Administration has [...]
UCU warned the Conservative-Liberal Democrat coalition government that encouraging the growth of private universities would damage the UK’s international reputation and invite serious questions about standards. BPP, the subsidiary of Apollo which has degree awarding powers, has been lobbying the government heavily to relax the regulations on who can call themselves a university.
As the Times Higher [...]
UK private education company BPP College has been lobbying the new coalition government for further de-regulation of the rules governing university status in moves that would open the door for the further expansion of the private sector. A story in the Times Higher Education magazine appeared to confirm what UCU has suspected, that BPP has [...]
Colleagues around the world may be aware of the massive cuts in UK higher education funding announced just before Christmas. On 22 December, the government announced that £135 million would be cut from higher education funding for 2010-11, on top of £180 million in “efficiency savings” that are already being implemented.
The context for these [...]
The largest for-profit university in the United States is reportedly prepared to spend more than $80 million to settle a six-year-old whistle-blowing case filed by former admissions officers.
The admissions officers allege the University of Phoenix obtained federal student aid under false pretenses.
In a news release issued October 27 by the University’s parent company, [...]