Where did the University of Idaho get all this money? https://www.idahoednews.org/top-news/in-depth-u-of-is-phoenix-related-bills-reach-14-2-million-and-counting/
"Attempt to Offload Shady For-Profit College Runs Into Trouble"
https://prospect.org/education/2024-03-04-university-idaho-phoenix-purchase-deal/
(NY Times) "University of Idaho Needs More Students. Should It Buy an Online School?"
“Why would you lie down with a dog? You’re going to get fleas,” said C.C. Gibson III, an Arkansas lawyer and former member of the university’s board, citing Phoenix’s reputational problems.
"$7.3M of Phoenix consulting fees go to University of Idaho president’s former employer"
https://www.idahostatesman.com/news/local/education/article285991456.html
The Bowen Letter
sovereign immunity by recreating itself as a corporation and acting beyond its granted powers. To protect the people and the legislative power, the Legislature should request or file appropriate legal action, unless the Board is willing to abandon... — read more
Idaho A.G.’s Supreme Court appeal could obstruct University of Phoenix purchase
https://idahocapitalsun.com/2024/02/20/idaho-a-g-s-supreme-court-appeal-could-obstruct-university-of-phoenix-purchase/
"Phoenix fallout? Moody’s places University of Idaho’s bond rating under review"
https://idahocapitalsun.com/2024/02/19/phoenix-fallout-moodys-places-university-of-idahos-bond-rating-under-review/
AZIDA to issue high-risk bonds for Phoenix sale
What could possibly go wrong? https://www.bondbuyer.com/news/university-of-idaho-plan-for-university-of-phoenix-may-bring-downgrade https://www.bondbuyer.com/news/another-bankruptcy-filed-involving-arizona-conduit-debt
AZIDA to issue high-risk bonds for Phoenix sale
What could possibly go wrong? https://www.bondbuyer.com/news/university-of-idaho-plan-for-university-of-phoenix-may-bring-downgrade https://www.bondbuyer.com/news/another-bankruptcy-filed-involving-arizona-conduit-debt
Idaho bond rating downgrades. Legislators opposing Phoenix deal.
https://idahocapitalsun.com/2024/02/15/idaho-legislators-threaten-lawsuit-to-stop-university-of-phoenix-purchase/ https://www.bondbuyer.com/news/university-of-idaho-plan-for-university-of-phoenix-may-bring-downgrade
Building Synergies
Am I the only one who knows what "building synergies" means? Good luck! https://www.uidaho.edu/-/media/UIdaho-Responsive/Files/president/Communications/phoenix-faq/memos/legal-and-accreditation-barriers-cleared.pdf
Key lawmakers seek to have a say on U of I-Phoenix purchase
"the proposal comes from two lawmakers who have openly questioned the wisdom of the Phoenix purchase." https://www.idahoednews.org/top-news/key-lawmakers-seek-to-have-a-say-on-u-of-i-phoenix-purchase/
43 Education Junk Bonds
"Phoenix will issue $685 million in corporate bonds anticipated to be “bb” rated (known as “high risk” or “speculative” bonds). Phoenix’s estimated debt service will be $60 million to $70 million per year. It sounds risky, and it... — read more
ED Approves Pre-Acquisition for Idaho-University of Phoenix Deal. Idaho Continues to Hide Details of Transaction Fees and Bonds.
https://www.highereducationinquirer.org/2024/01/breaking-news-ed-approves-pre.html
President Green and the Turnip Truck
"Brokers like Tyton Partners, Phoenix’s financial advisers, work for a seller, trying to drive up competition, and they’re not in the business of divulging names to prospective buyers. Saying he didn’t want to look like he’d “just fallen off the... — read more
Idaho has spent $7M so far on the Phoenix deal
https://www.idahostatesman.com/news/local/education/article284363569.html
"We’re paying the U of I for Phoenix-related records. Here’s why."
Follow the money... https://www.idahoednews.org/kevins-blog/were-paying-the-u-of-i-for-phoenix-related-records-heres-why/
"Hawley Troxell’s higher ed work is far-reaching and costly"
$850K https://www.idahoednews.org/top-news/hawley-troxells-higher-ed-work-is-far-reaching-and-costly/
President Green claims University of Phoenix "model" makes $150M annual profit.
https://www.idahostatesman.com/news/local/education/article283799358.html
"Judge allows Labrador to subpoena University of Phoenix"
https://www.idahoednews.org/news/judge-allows-labrador-to-subpoena-university-of-phoenix/
Predatory Colleges, Converted To Non-Profit, Are Failing
"Yet somehow the president of the University of Idaho, Scott Green, continues to insist he will be serving his school, and students, by acquiring, through an affiliated new non-profit, the giant for-profit University of Phoenix from huge private... — read more
"Her View: UI seems to be keeping public in the dark about Phoenix deal"
https://dnews.com/opinion/ui-seems-to-be-keeping-public-in-the-dark-about-phoenix-deal/article_84bf489d-3624-50b3-8392-97a9d7fe122f.html
"University of Phoenixification"
"Under Apollo’s stewardship, the University of Phoenix shut down 80 associate degree programs and closed, sold, or made plans to shutter all but one of its more than 200 physical campuses and mini-campuses worldwide. It whittled its full-time faculty... — read more
"EXCLUSIVE: ‘The dollar store of higher education:’ Skeptics say the Phoenix purchase would cheapen the U of I brand"
https://www.idahoednews.org/top-news/the-dollar-store-of-higher-education-skeptics-say-the-phoenix-purchase-would-cheapen-the-u-of-i-brand/
How many more red flags does President Green need?
AG lawsuit 6,000+ FTC claims 70,000+ Borrower Defense claims Idaho Treasurer pushback Idaho Legislature (Budget Cmte) pushback UAGC nightmare at University of Arizona Saturday Night Live cold opening with UoPX as the punchline Grantham mess in... — read more
Purdue Global mess should serve as a cautionary tale for Idaho
Can't say you weren't warned. https://www.forbes.com/sites/dereknewton/2023/12/17/purdue-global-owes-128-million-to-its-for-profit-partner-it-may-not-be-able-to-pay/?sh=2b41afdf7998
UAGC should be a lesson to Idaho and Project Neptune
"Some faculty members at the University of Arizona aren’t willing to forgive leadership when it comes to UAGC. “The original project at its very best was a grotesque and catastrophic miscalculation at that time,” said Leila Hudson, the faculty... — read more
UI reluctant to give up info on Project Neptune
"The U of I said it identified at least 4,000 documents that may fall under this request, including more than 2,000 emails. However, the U of I will not release these documents until EdNews pays $2,370.95 — saying the money would cover the costs of... — read more
(NY Times) University of Phoenix becomes a punchline on Saturday Night Live
“Uh, yes, hello,” Kenan Thompson, who in the meantime has appeared without explanation beside the other presidents, says. “I am the president of the University of Phoenix online, and I’m willing to say yes to anything.” (He never identifies... — read more
Trial date set for January 21, 2024. DAG deposed.
https://www.idahoednews.org/kevins-blog/state-board-lawsuit-takes-another-twist/
"Court documents provide a detailed look inside the State Board’s closed-door Phoenix meetings"
In early March, Liebich and fellow State Board members Bill Gilbert and David Hill spent time perusing a virtual “data room” set up by the sellers. The data room provided a “very thorough” but confidential window into Phoenix’s finances, Liebich... — read more
State of Idaho Treasurer asking questions about University of Phoenix
https://www.idahoednews.org/north-idaho/could-the-phoenix-purchase-hurt-idahos-credit-rating-a-state-committee-seeks-answers/
Idaho AG Labrador subpoenaes President Green
"The attorney general’s office has subpoenaed University of Idaho President C. Scott Green, as it continues to pursue a lawsuit against the State Board of Education. This latest subpoena, dated Tuesday, centers on one of the key points of Attorney... — read more
President Green is prepared to lawyer up for University of Phoenix
73,000+ Borrower Defense to Repayment claims against the University of Phoenix. But it's not a major problem according to C. Scott Green. https://www.idahostatesman.com/news/local/education/article278098417.html
US Senators call for UI to nix deal with University of Phoenix
According to C. Scott Green "the 'vast majority' of UI employees and alumni support them buying the University of Phoenix." Really? https://www.spokesman.com/stories/2023/sep/14/three-us-senators-urge-university-of-idaho-to-canc/
"Why Has It Been So Hard for the U. of Phoenix to Find a Home?"
https://www.chronicle.com/article/why-has-it-been-so-hard-for-u-of-phoenix-to-find-a-home?cid=gen_sign_in
Doubling down with University of Phoenix
“University of Idaho and our Board of Regents remain committed to closing this transaction, as the benefits for our university and the state of Idaho are more compelling than ever,” he... — read more
Chris L, President University of Phoenix
Arthur Anderson, Education Management Corporation, Northcentral University, HotChalk, Cadence Education, University of Phoenix. https://en.wikipedia.org/wiki/Chris_Lynne
I'm out in the desert in a school with no name...
So when does the University of Phoenix get a new (permanent) name? Maybe a contest would help?
"Lawyering up: U of I racks up nearly $200,000 in unexplained legal bills"
"The University of Idaho has paid a Boise law firm nearly $200,000 so far this year — with almost no explanation. However, it appears that much of Hawley Troxell’s work stems from the U of I’s controversial bid to buy the University of... — read more