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University of Phoenix was founded in 1976 by John Sperling and John D. Murphy. [7] [8] In 1980, it expanded to San Jose, California, and launched its online program in 1989. [9] Much of UoPX's revenue came from employers who were subsidizing the higher education of their managers. Academic labor underwent a process of unbundling, in which "various components of the traditional faculty role (e ...
Charter Learning acquired the financially failing Catholic college to gain regional accreditation and access to federal funds. [14] After the sale, the institution's name was changed to Ashford University. [15] In 2010, Ashford University was highlighted in College, Inc., a PBS Frontline exposé about for-profit colleges. [16] In June 2012, WASC denied initial accreditation to Ashford ...
The University of Phoenix is a wholly owned subsidiary of the Apollo Education Group. The University of Phoenix is one of the largest higher education providers in North America. [18] The university has approximately 40 campuses and confers degrees in over 100 degree programs at the associate, bachelor's, master's and doctoral levels. [19]
The action applies to borrowers who enrolled in Phoenix between Sept. 21, 2012, and Dec. 31, 2014, and applied for a borrower defense loan discharge.
The Biden administration is canceling nearly $37 million of federal student loan debt for more than 1,200 borrowers who attended the University of Phoenix because it found that the for-profit ...
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