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
Idaho Statesman Editorial Board is calling for the end of the Phoenix deal.
https://www.idahostatesman.com/opinion/editorials/article286657005.html
Deal with Idaho may be in trouble
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
Bonuses for leadership
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
How the University of Phoenix became a money maker again
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
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
University of Phoenix becomes a punchline on Saturday Night Live
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
"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/
“a moral and ethical duty” to abide by Phoenix’s confidentiality agreement." LOL
"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
What happens if Apollo/Vistria cannot unload the University of Phoenix?
This is a question that may need to be answered. And what happens to UoPX employees?
Borrower Defense Claims
Tip of the iceberg. https://finance.yahoo.com/news/student-loans-former-university-of-phoenix-students-get-37-million-in-loans-discharged-184018216.html
Editorial
"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
Public Meeting about University of Idaho-UoPX deal
Monday 8-14-23 at 9:30 am PST. Should be interesting.
On a scale from 1 to 10, how is CL's temper?
EDMC, Northcentral, HotChalk, Cadence Education. Quite an interesting work history.
Idaho is claiming University of Phoenix made $145M annual profit?
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
Shark Week
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
The numbers...
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
Board Meeting in Boise Today
https://www.khq.com/news/university-of-idaho-having-problems-in-purchasing-university-of-phoenix/video_528fc670-1c6c-11ee-83ce-cba6c9b2e9e0.html
The whole thing smells bad
https://www.idahostatesman.com/news/local/education/article276328591.html
More bad press
https://www.eastidahonews.com/2023/06/university-of-phoenix-has-a-checkered-past-did-u-of-i-make-an-enormously-risky-move/
Labrador lawsuit challenges closed-door, U of I-Phoenix purchase discussions
https://www.idahoednews.org/top-news/labrador-lawsuit-challenges-closed-door-u-of-i-phoenix-purchase-discussions/
Lies...
"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
University of Phoeix featured in Season 8 of College Tour
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
University of Arkansas System Board of Trustees Votes No.
https://arktimes.com/arkansas-blog/2023/04/24/ua-system-board-says-no-to-resolution-supporting-university-of-phoenix-purchase https://www.republicreport.org/2023/arkansas-trustees-reject-university-of-phoenix-purchase/
On to Idaho?
https://idahonews.com/news/local/idaho-state-board-of-education-to-discuss-u-of-i-proposal-to-acquire-university-of-phoenix
More scrutiny
https://www.republicreport.org/2023/durbin-warren-say-u-of-phoenix-violates-deal-with-ftc-not-to-deceive-students/
"Supreme Court leaves student loan settlement in place"
https://www.npr.org/2023/04/13/1169830188/student-loan-forgiveness
Arkansas and 19 Other Republican States Fighting Borrower Defense in US Supreme Court
Looks like a potential victory for UoPX over college debtors. https://www.supremecourt.gov/DocketPDF/22/22A867/262943/20230406121912418_Sweet%20Stay%20Amicus.PDF
Colleges ask Supreme Court to halt $6B student loan debt settlement
https://www.nbcnews.com/politics/supreme-court/colleges-ask-supreme-court-halt-6b-student-loan-debt-settlement-rcna78307
More than 69,000 Borrower Defense To Repayment Claims Against University of Phoenix
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.
Borrower Defense Claims Surpass 750,000. Consumers Empowered. Subprime Colleges and Programs Threatened.
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
University of Arkansas Deal is Dead?
Heard from someone in the industry that the deal was dead.
Reaffirmation of Accreditation for UoPX
And apparently with no limitations/restrictions. Congrats! https://www.hlcommission.org/Students-Communities/january-2023-actions.html
32,300 Borrower Defense Claims Against University of Phoenix
https://vetsedsuccess.org/coalition-letter-to-the-university-of-arkansas-trustees-regarding-the-potential-purchase-of-the-university-of-phoenix/
Department of Education Borrower Defense to Repayment claims
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
Operation Neptune
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
Japanese bank involved in UoPX sale to University of Arkansas non-profit
https://arktimes.com/arkansas-blog/2023/02/06/foreign-bank-reportedly-involved-in-proposed-purchase-of-phoenix-university-by-ua-system-affiliate
"When you have to be right"
This is the real buyer? https://www.wolterskluwer.com/en https://careers.wolterskluwer.com/en
Project Neptune?
What's Project Neptune?