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 >>
Marshall University to Fire Professor in Kickback Scheme CHARLESTON, W.Va. — The termination process has begun for a university professor who recently pleaded guilty to tax fraud charges in connection with a kickback scheme involving the West Virginia Department of Transportation. The Charleston Gazette...
Yale Sues Connecticut Over Gender-neutral Restrooms NEW HAVEN, Conn. — Yale University is suing Connecticut over its plan to turn single-user restrooms into gender-neutral bathrooms at its law school. The New Haven Register reports the state building inspector’s office previously denied the school’...
Board Eschews Search, Names John Miller Williston State President BISMARCK, N.D. —  The North Dakota Board of Higher Education has named John Miller president at Williston State University. Miller has been acting president at the school since June 2016, when Ray Nadolny abruptly walked away from the job after or...
Campus ‘Free Speech’ Bill Struck Down by Louisiana Governor BATON ROUGE, La. — A proposal aimed at protecting controversial speakers’ appearances at Louisiana colleges and calling on campuses to penalize students who disrupt them has been vetoed by Gov. John Bel Edwards, who described the bill as a “solution ...
Semantic Tags:

Leave a Reply

Your email address will not be published.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