University of Arkansas in Talks To Buy Troubled For-Profit University of Phoenix
The Arkansas Times revealed Tuesday that a non-profit organization affiliated with the University of Arkansas System has been in talks about acquiring the University of Phoenix, long one of the country’s largest for-profit colleges, from that school’s current private equity owners. A spokesman for the University of Arkansas System acknowledged to the news outlet that
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University of Phoenix Seems to Break Pledge to Avoid Misleading Ads
The University of Phoenix has been running a national advertising campaign that suggests to prospective students that the school is a public, state-operated institution, when in fact is a private, for-profit operation. The ads, therefore, seem to violate a 2019 settlement agreement with the Federal Trade Commission in which the school’s owners agreed that their
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More Predatory For-Profit Colleges Collapsing, More Students in Peril
In recent weeks we’ve seen more predatory for-profit colleges falling apart. Once again it will be a challenge for the U.S. Department of Education, state authorities, and others concerned about students to help the current students at these schools find new colleges or get some of their money back. — San Antonio-based Quest College abruptly
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Independence U. Employee Got Threats After Speaking with U.S. Investigators
On April 27, 2021, Dorothy McCarty, a financial aid advisor at Independence University, an online career college, met via Zoom with investigators from the United States Department of Education to discuss what McCarty considered to be unethical abuses of students, largely low-income people, by the school, which was owned by the Utah-based non-profit Center for
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Facing Collapse, For-Profit ASA College Makes Troubling Moves
Faced with the increasing likelihood that it will be forced to shut down, New York-based for-profit ASA College has left students in turmoil, providing confusing messages about transfer options, refusing to refund tuition, adding new charges to student bills, and seeming to recruit and enroll new students even as it appears likely they will not
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Headhunter Sends Stark Robocall Seeking College Recruiting Chief
A recorded message sent from a corporate headhunter to various people in the for-profit college industry is getting attention from some industry members, because it is apparently an unusual use of so-called robocalling. The recording also presents in stark terms the kind of mercenary activity that is taking place with taxpayer-funded higher education dollars. In
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Feds Tell Accreditor SACS to Shape Up, Examine Keiser University
The U.S. Department of Education last month determined that one of the country’s major accreditors of colleges and universities is out of compliance with numerous federal regulations. It also directed the accreditor, the Southern Association of Colleges and Schools Commission on Colleges (SACS), to provide more information regarding its oversight of Florida-based Keiser University and
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Why Is Perdoceo’s Chairman Selling So Much Company Stock?
Todd Nelson, the executive chairman of Perdoceo Education Corp., one of America’s largest for-profit college companies, has sold a huge volume of his shares in the company in recent weeks — even as Perdoceo has been telling investors that things are going well. Nelson has frequently been featured on this website because of his outsized
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