University of Phoenix Fraud Fighters
We are alumni and victims of University of Phoenix that share a common goal and similar stories. We are victims of predatory lending, faulty job placement stats, and veterans who have been robbed of our goals in higher education by University of Phoenix. If you are a victim of UoPx also, join us on Facebook in the group Phoenix Fraud Fighters. This Facebook group was created by Cassandra Courtney with the help and guidance and solidarity of ITT Tech Warriors, Niki Howland and Christina Hammond [Tech Warriors wiki] --WikiNiki (talk) 16:19, 29 November 2015 (PST).
University of Phoenix
- The University of Phoenix is a for-profit institution wholly owned subsidiary of Apollo Group Inc. a Phoenix-based corporation that owns several for-profit educational institutions.
- The University of Phoenix has experienced a significant reduction in enrollment from an all time high of almost 600,000 students in 2010 to its current all time low enrollment of approximately 227,000 as of 2015. The enrollment drop and massive campus closings are attributed to criticism of high debt loads and low job prospects for graduates of UoPX.
- The University of Phoenix has a history of many significant complaints resulting in massive fines of millions of dollars:
- paying several government fines for receipt of excessive student financial aid and for violating the Higher Education Act provisions that prohibit offering financial incentives to admission representatives and recruiters
- Settled whistle-blower lawsuits concerning its admissions practices and education programs
- The federal government fined the university $6 million for including study-group meetings as instructional hours.
- Despite these massive multi-million dollar fines, the university was the top recipient of student financial aid funds in 2008 receiving nearly $2.48 billion .
- In 2014 the US Department of Education's Office of the Inspector General demanded records from the University of Phoenix and its parent company Apollo Group going back to 2007 "related to marketing, recruitment, enrollment, financial aid, fraud prevention, [and] student retention.”
- The U.S. Department of Education is expected to cut federal aid to schools with high default rates such as the University of Phoenix as they investigate marketing and lending practices of schools as more than $10 billion was spent on the G.I. Bill for veterans’ education last year. The biggest beneficiary is the for-profit University of Phoenix, which fails to graduate most of its students, according to the U.S. Department of Education .
- November 2015 the chairman of the University of Phoenix's parent company dumped millions in stock. Apollo, which was trading at more than $34/share at the beginning of 2015, has already seen its share price sink to around $12 before Oct. 9, when news broke that the Department of Defense had put University of Phoenix on probation. The DoD probation means the school is barred from recruiting on U.S. military installations, and its participation in the DoD Tuition Assistance Program for active duty military personnel is on hold .