Did you know that all our hard work we've put in over the last few years is affording our VPs and Directors bonuses? Yet, as worker bees we've only gotten a cost of living adjustment? So in a time that everything is soaring cost wise and we are... — read more
It's pretty simple. Cut instructional and support costs. https://www.uidaho.edu/-/media/UIdaho-Responsive/Files/president/Communications/phoenix-faq/supporting-docx/uopx-financial-information-summary.pdf
Breaking from reality, the “S.N.L.” sketch added Kenan Thompson, who was playing the president of the online University of Phoenix. Asked if he would condemn antisemitism, Thompson said, “Well, my campus is the internet, so antisemitism is kind of... — read more
"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
This is a question that may need to be answered. And what happens to UoPX employees?
Tip of the iceberg. https://finance.yahoo.com/news/student-loans-former-university-of-phoenix-students-get-37-million-in-loans-discharged-184018216.html
University of Phoenix may be subprime in its educational offerings, but they are masters at marketing. Saw their ads on CBS' Big Brother this week. Before that they appeared on Shark Week. How much does the school pay for marketing and advertising?... — read more
"University of Phoenix Please dig deeper into the mess that the University of Idaho is getting into with the University of Phoenix and its two owners: Apollo Global Management and Vistria Group. As a consumer advocate who has investigated the... — read more
Monday 8-14-23 at 9:30 am PST. Should be interesting.
EDMC, Northcentral, HotChalk, Cadence Education. Quite an interesting work history.
Who believes this? "Strong financials. University of Phoenix has high cash flow, with a profit margin of about 18%, based on annual revenue of $800 million and profit of $145 million."... — read more
Your thoughts? https://www.nexttv.com/news/budweiser-chilis-cinnamon-toast-crunch-dominos-mtn-dew-long-john-silvers-and-u-of-phoenix-join-shark-week-sponsors
According to US Department of Education data, the school's equity value declined from $361M in FY 2018 to $187M in FY 2021. https://www.highereducationinquirer.org/2023/07/university-of-phoenix-and-dustbin-of.html
"A submitted question asked about the potential for ongoing liability for costs associated with pending Borrower Defense Claims against UoPX. Green previously told the Idaho Press it’s estimated this liability could come to up to about $7 million... — read more
Should be exciting. https://www.benzinga.com/pressreleases/23/05/b32597447/university-of-phoenix-featured-as-one-of-first-institutions-focused-on-working-adult-learners-in-s
Looks like a potential victory for UoPX over college debtors. https://www.supremecourt.gov/DocketPDF/22/22A867/262943/20230406121912418_Sweet%20Stay%20Amicus.PDF
69,180 cases to be exact. Imagine what happens if more folks figure out that Borrower Defense to Repayment is an option. And imagine if UoPX is held liable.
As of January 2023, there are more than ¾ of a million Borrower Defense claims against schools. And each month, about 16,000 new claims are added. Those claims are disproportionately made against a number of for-profit colleges and formerly... — read more
Heard from someone in the industry that the deal was dead.
And apparently with no limitations/restrictions. Congrats! https://www.hlcommission.org/Students-Communities/january-2023-actions.html
How many former students of University of Phoenix have filed for Borrower Defense to Repayment? Have heard 30,000 from a reliable source--and that may be a conservative number. More of these claims in the future could lead to an enormous liability... — read more
Here it is. https://arktimes.com/wp-content/uploads/2023/02/UA-Stephens-0135_RA1224131_OR-1.pdf https://arktimes.com/arkansas-blog/2023/02/08/stephens-inc-could-make-more-than-a-million-if-ua-systems-phoenix-effort-succeeds
This is the real buyer? https://www.wolterskluwer.com/en https://careers.wolterskluwer.com/en
What's Project Neptune?
I'm getting word that Apollo is shopping University of Phoenix around. Was the UoPX-Arkansas deal for an estimated $500-$700M an intentional leak? Or was a concerned someone in Arkansas worried that the University of Arkansas System would take the... — read more