University of Phoenix Faces Government Financial Aid Review - Higher Education
Higher Education News and Jobs

University of Phoenix Faces Government Financial Aid Review

Email


by Associated Press


NEW YORK ― Apollo Education Group said the U.S. Department of Education will review the administration of federal student financial aid programs by its University of Phoenix subsidiary.

The for-profit education company said Monday that the government review, which is scheduled to start Aug. 4, will initially cover the 2012-13 and 2013-14 years. The review will also cover the University of Phoenix’s compliance with laws governing campus security and crime statistics and drug policy. The university has about 241,900 students.

The Department of Education did not immediately respond to a request for comment.

Enrollments at for-profit education companies boomed during the recession, but demand is sliding and government scrutiny of the industry has intensified.

Another for-profit education company, Corinthian Colleges Inc., this month agreed to close or sell more than 100 campuses in the U.S. and Canada after the Department of Education had stepped up its financial monitoring of the company. The Education Department said Corinthian failed to provide adequate paperwork and didn’t comply with requests to address concerns about the company’s practices. The department said the concerns included allegations of falsifying job placement data used in marketing claims to prospective students, and allegations of altered grades and attendance.

Shares of Phoenix-based Apollo Education Group Inc. dropped $1.72, or 5.8 percent, to $27.85 in aftermarket trading Monday.

RELATED ARTICLES >>
Education Secretary DeVos Praises Senate Action on FAFSA Legislation U.S. Secretary of Education Betsy DeVos has praised a Senate committee for moving forward with legislation to simplify the Free Application for Federal Student Aid (FAFSA). Education Secretary Betsy DeVos DeVos’ praise followed a hearing Tuesday ...
New Report Offers Best Financial Practices for Colleges’ Roles in Student Success College affordability and a clear understanding of financial aid are among the biggest challenges low-income students pursuing a higher education face. Education experts say that colleges and universities can play a larger role in increasing student ...
Professor Apologizes for Fiery Response to Muslim Student CINCINNATI — A University of Cincinnati music teacher has apologized for his fiery online responses to a Muslim student who was critical of Donald Trump’s presidency and talked about celebrating freedom and diversity. College-Conservatory of Music...
Colleges Wrestle with Issue of Using Students’ Fees for Controversial Speakers Katherine Kerwin didn’t like to see a portion of the student fees she pays being spent to bring conservative speaker Ben Shapiro to the University of Wisconsin. Kerwin didn’t agree with Shapiro’s criticism of what he said were attempts to chill fr...
Semantic Tags:

Leave a Reply

Your email address will not be published. Required fields are marked *