University of Phoenix to phase out 115 campuses

Thu, 18 Oct 2012 14:05:00 +0000

The University of Phoenix, the largest for-profit university in the U.S., is shuttering 115 of its campuses and 90 learning centers. Much like the recent closing of nine for-profit Kaplan Higher Education campuses, the UoP news signals a decline in the for-profit sector after months of damning reports of low graduation rates, predatory recruiting tactics and stratospheric default rates on student loans.

The New York Times reported:

As the negative publicity about for-profits mounted — including many charges that the schools enrolled students who had almost no chance of succeeding, to get their federal student aid — both Kaplan and the University of Phoenix announced new programs, offering some form of free trial, to ensure that they enrolled only students who had a reasonable likelihood of success. Those programs cut substantially into their enrollment numbers.

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University of Phoenix to phase out 115 campuses