The University of Phoenix is holding more student debt than any other college in the US, exploding from $2.2 billion in 2000 to $35.5 billion in 2014.
29 replies (most recent on top)
@124 I bet you're proud of that AA degree you've got hanging on your wall Rio Salado. I went to UoP and I make great money. There are haters out there but there also are people that will hire UoP grads for good jobs. Your hate is sad, you must be a miserable person to be around.
@124. I challenge you to connect with our alumni. Visit https://alumni.phoenix.edu. There are 923,000 so enjoy the countless hours of positivity in your life. Although your assumption of UOP's student demographic is far off, don't put yourself so high up on the peddlestool simply because you might not be within those parameters.
@960--UOP students are first-generation college students ( mommy and daddy never went to college), 80% are from the lower-classes, more than 60% are African-American. Most of the UOP student body would never be successful in a traditional college environment because the rigor would be too much. UOP spoon feeds and hands out grades and diplomas. EVERYONE knows that for-profit schools are a complete joke. Stop pretending that your undergraduate degree from UOP isn't an object of ridicule and laughter--it is. Employers laugh when job candidates submit resumes with UOP as a past-school attended.
@938 thank you for proving my point. You have nothing but unsubstantiated slander. Meanwhile this last poster is killing it with truth. It's the lower class taking a advantage of the system. If you don't like it, blame the government and vote for reform.
@938 - Youth? Apparently you're talking about the wrong university. There are no youth at this school. Middle class? Yes, on-track here. Yet the two don't go hand in hand. Middle-class working families who support a family and work full-time are your typical UOP candidates. Offering the AA and lowering our standards to lower-class was a big mistake in my opinion but nonetheless it has taught the university a very important lesson. Not steer from its original mission of serving a group of students in which it wasn't prepared to deal with. I wouldn't say that the company exploded with any sort of real revenue because most of those have failed to complete their programs miserably. And no, that doesn't mean that they were left with countless debt because most of those general education credits are transferrable which means that if they really wanted to get ahead in life, they would of just moved on and transferred somewhere else to complete their studies. Some may have - but guess what??? Most don't because they are low-budget, bottom feeders that even our government has given up on them. They have made special housing (section 8) and provide just enough to get them by with SNAP Food stamps, and welfare checks. Oh, and then there's Pell! Another source of revenue for these imbeciles to get their fingers around so easily. Thank goodness UOP put a fraud department in place years ago to catch these fools. Actually, they have already saved the tax payer millions simply by implementing this filter. YOU'RE WELCOME!
577 made zero points, just the typical corporate apologist who has sold out the youth and the middle class.
Love it! @577 makes valuable points and nobody, even Camden can contest with something other than personal attacks or general pointless rhetoric. It just shows some people just want to see UoP burn and are following a bandwagon witch hunt.
Where did I say I approve of debt?
Funny 'Po' that you think saying words is going to offend God but driving people to suicide over life crushing debts is just dandy.
@422. There you go again bathing in unsubstantiated bullshit.
Double down on the crazy
@584 - Really? Who? I think you're mistaken by saying "graduates" are bringing UOP down. It's those who dropped out, failed courses, and came in to quit. Leaving them with debt and same job opportunities that they started off with while blaming the institutions for their lack of effort. The satisfaction and experience rates for UOP graduates is exceptionally high with many acknowledging the cost to benefit ratio. Those who listened to early advisement on responsible borrowing, using their company TA and applying for scholarships and minimizing loan debt are the ones who came out with manageable debt and a degree (skills) that are trusted amongst many well-known employers. Not to mention the many entrepreneurs operating their own businesses. You Sir are a solid POS, and should just go live with the ISIS group as you'll fit right in with all that hate.
Why do you use the Lord's name in vain? You can make your point without it.
577 - Jesus Christ your denial is deep. Their own graduates are the ones bringing it down, the same as all the for-profits who sold a rotten bill of goods to students for 4 times the price plus life long interest.
Camden - really? How so? Explain without using your bias opinion against the for-profit. Let's consider the education market as a whole. Do you not believe that UOP can provide a career-relevant education? Besides pre-testing and admission screening that was very lenient in the past what are the differences in the education received from let's say an undergrad at the non-Ivy leagues. Such as NAU, ASU, UNLV's, etc.? Lets say UOP raises their grad, default and their job placement rates to that of the non-ivy's. I can assure you that if you look at info from 2008 to now, those numbers have climbed. Not to mention, more students today that are attending UOP are now borrowing just enough to cover tuition and not max out on their loan borrowing than ever before. Bet you didn't know that either.
@Anonymous177422, students and their families are losing--big time.
@Anonymous177422, students and their families are losing--big time.
Camden - the government charges a hefty interest on title IV loans and if you know anything about financing, you'll know that most interest is paid within the first half of the loan terms. Therefore, no one is losing. Yes, debt is high, default rates have been up nationally and perhaps UOPx's stats have been higher amongst others but over the last few years those numbers have significantly dropped. I would say by about half. It's also proven that most who default are also those who didn't graduate. Those who have poor decision making qualities and those who also take advantage of other tax funded resources.
092- Until the clawback provisions kick in, then it will be UoP's 35 billion in debt.
@158--I'm sorry you are mentally retarded. UOP will continue to contract the balance of the decade and if the FTC finds irregularities, courts could force Apollo to reimburse students to the tune of billions and ultimately prohibit them from future Title IV and VA funds. Even if the FTC or DoD find nothing, students will continue to question the ROI, especially as it concerns attending a for-profit school. There will continue to be online programs offered by traditional schools--at a much better price-point, and greater academic rigor--that UOP will not compete with. Less than 100K students by end of 2018, and only online instruction by then too.
In my opinion this doesn't prove anything. It's a dumb number to look at. Of course university of Phoenix will have the most students with debt. It's the largest university, and has more students than any other school.
Looks like someone buying some stock tomorrow.
I laugh that you all work so hard to shut this place down. It's not shutting down and it will not be at less than 100k students. It will stop dropping at 150k and start showing steady increases from there. 2017 will be the first year the school doesn't see a decline. $10 a share is a good buy.
If it looks like a skunk, smells like a skunk, it is probably a skunk.
@Anonymous177092, you are correct. The government is left holding the bag for most of the loans.
UOP does not hold student debt. They use Title IV funds like every other University and College.
@907--just stating it for the "idiot" deniers that believe UOP is " just fine". They are doomed and thousands more will lose their jobs in the next few years. This gives me much joy.
Bold prediction really going out on a limb kreskin
This is exactly why the feds are determined to right-size this for-profit fraud. UOP will have fewer than 100K students by end of 2017--this dump will shed jobs by the thousands in the months to come.