Content deleted Content added
→Proposed acquisitions (2021-present): merged paragraphs |
→Proposed acquisitions (2021-present): merged paragraphs |
||
Line 107:
In 2022, UoPX announced that only one campus would remain open in 2025.<ref>{{cite web |last=Steele |first=David |title=One University of Phoenix Campus Left After 2025 |url=https://www.insidehighered.com/quicktakes/2022/04/25/one-university-phoenix-campus-left-after-2025 |website=www.insidehighered.com |publisher=Inside Higher Education |access-date=27 April 2022}}</ref> The University of Phoenix was one of 153 institutions included in student loan cancellation due to alleged fraud. The class action was brought by a group of more than 200,000 student borrowers in 2019, assisted by the Project on Predatory Student Lending, part of the Legal Services Center of Harvard Law School.<ref>{{cite web |last=Wermund |first=Benjamin |title=New lawsuit targets Trump administration for stalling on borrower defense claims |url=https://www.politico.com/newsletters/morning-education/2019/06/25/new-lawsuit-targets-trump-administration-for-stalling-on-borrower-defense-claims-450427 |website=[[Politico]] |access-date=June 26, 2019}}</ref> A settlement was approved in August 2022, stating that the schools on the list were included "substantial misconduct by the listed schools, whether credibly alleged or in some instances proven."<ref>{{cite web|url=https://static1.squarespace.com/static/62d6e418e8d8517940207135/t/62e2e45a915c367b4086d7b0/1659036762506/288+Govt+Consol+Opposition+to+Motions+to+Intervene+w+Decl+of+Ben+Miller.pdf|title=Government's Consolidated Opposition to Motions to Intervene|access-date=2023-04-15}}</ref><ref>{{cite news |last1= Turner|first1= Cory|last2= Carrillo|first2= Sequoia|last3= Salhotra|first3= Pooja|date= 2022-08-05|title= 200k student borrowers are closer to getting their loans erased after judge's ruling|url= https://www.npr.org/2022/07/21/1112554478/student-loan-forgiveness-borrower-defense|publisher= National Public Radio|access-date= 2023-04-15}}</ref> In April 2023, the Supreme Court rejected a challenge to the settlement and allowed to proceed the debt cancellation due to alleged fraud.<ref>{{cite news |last= Hurley|first= Lawrence|date= 2023-04-13|title= Supreme Court allows $6 billion student loan debt settlement|url= https://www.cnbc.com/2023/04/13/supreme-court-allows-6-billion-student-loan-debt-settlement.html|publisher= NBC News|access-date= 2023-04-15}}</ref>
<ref>{{cite web |last=Kevin |first=Richert |title=Green says the U of I outbid multiple suitors for the University of Phoenix |url=https://www.idahoednews.org/top-news/green-says-the-u-of-i-outbid-multiple-suitors-for-the-university-of-phoenix/ |website=idahoednews.org |date=24 January 2024}}</ref> In April 2023, the University of Arkansas System Board voted against the proposed sale.{{refn|name="Arkansas"|<ref>{{cite web |last=Hale-Shelton |first=Debra |title=UPDATE: Mission Leap: U of A's flirtation with buying an online university was ill-fated — and shrouded in secrecy |url=https://arktimes.com/arkansas-blog/2023/05/29/mission-leap-u-of-as-flirtation-with-buying-an-online-university-was-ill-fated-and-shrouded-in-secrecy |website=arktimes.com |date=May 29, 2023 |publisher=Arkansas Times |access-date=12 July 2023}}</ref><ref>{{cite web |last=Newton |first=Derek |title=University Of Arkansas May Acquire For-Profit University Of Phoenix - Which Is Good News |url=https://www.forbes.com/sites/dereknewton/2023/01/30/university-of-arkansas-may-acquire-for-profit-university-of-phoenixwhich-is-good-news/?sh=2bf770dd166c |work=Forbes |access-date=25 February 2023}}</ref><ref>{{Cite news |last=D'Agostino |first=Susan |date=January 26, 2023 |title=Will University of Arkansas System Buy University of Phoenix? |work=Inside Higher Ed |url=https://www.insidehighered.com/news/2023/01/26/report-u-arkansas-system-may-buy-university-phoenix |access-date=January 26, 2023}}</ref><ref>{{cite web |last=Hale-Shelton |first=Debra |title=Nonprofit formed in August would buy University of Phoenix for UA System; board chairman concerned about plan - Arkansas Times |url=https://arktimes.com/arkansas-blog/2023/02/01/nonprofit-formed-in-august-would-buy-university-of-phoenix-for-ua-system-board-chairman-concerned-about-plan |website=arktimes.com |date=February 2023 |publisher=Arkansas Times |access-date=5 February 2023}}</ref><ref>{{Cite web |last=Hale-Shelton |first=Debra |date=2023-02-06 |title=Foreign bank reportedly involved in proposed purchase of Phoenix university by UA System affiliate |url=https://arktimes.com/arkansas-blog/2023/02/06/foreign-bank-reportedly-involved-in-proposed-purchase-of-phoenix-university-by-ua-system-affiliate |access-date=2023-02-07 |website=Arkansas Times |language=en-US}}</ref><ref>{{cite web |last=Hale-Shelton |first=Debra |title=Stephens Inc. could make more than a million if UA System's Phoenix effort succeeds - Arkansas Times |url=https://arktimes.com/arkansas-blog/2023/02/08/stephens-inc-could-make-more-than-a-million-if-ua-systems-phoenix-effort-succeeds |website=arktimes.com |date=February 8, 2023 |publisher=Arkansas Times |access-date=15 February 2023}}</ref><ref>{{cite news |last=Douglas Gabriel |first=Danielle |title=A potential deal to buy University of Phoenix draws scrutiny in Arkansas |url=https://www.washingtonpost.com/education/2023/03/31/university-phoenix-arkansas-deal-draws-scrutiny/ |newspaper=Washington Post |access-date=4 April 2023}}</ref><ref>{{cite web |last=Douglas Gabriel |first=Danielle |title=University of Arkansas System board votes against University of Phoenix deal |url=https://www.msn.com/en-us/news/other/university-of-arkansas-system-board-votes-against-university-of-phoenix-deal/ar-AA1ai4aU |website=msn.com |publisher=Washington Post |access-date=3 May 2023}}</ref>}} In May 2023, the University of Idaho announced a deal to acquire University of Phoenix. The total cost would be $685 million raised through bonds.<ref>{{cite web |last=Richert |first=Kevin |title=Analysis: What we know about the Phoenix sweepstakes, despite the U of I's silence |url=https://www.idahoednews.org/top-news/analysis-what-we-know-about-the-phoenix-sweepstakes-despite-the-u-of-is-silence/ |website=www.idahoednews.org |date=July 27, 2023 |publisher=Idaho Ed News |access-date=2 August 2023}}</ref> A new entity was created for the purchase by U of I ultimately named Four Three Education.<ref>{{Cite web |date=2023-07-15 |title=NewU vs. NewU: U of I in branding dispute after University of Phoenix purchase |url=https://www.eastidahonews.com/2023/07/newu-vs-newu-u-of-i-in-branding-dispute-after-university-of-phoenix-purchase/ |access-date=2023-07-23 |website=East Idaho News |language=en-US}}</ref>
On September 20, 2023, the [[Presidency of Joe Biden|Biden administration]] canceled nearly $37 million of federal student loan debt for more than 1,200 borrowers who were enrolled at the University of Phoenix between September 21, 2012, and December 31, 2014.<ref>{{cite web |last=Lobosco |first=Katie |title=Biden cancels $37 million in student loan debt for former University of Phoenix students |url=https://www.cnn.com/2023/09/20/politics/university-of-phoenix-student-loan-forgiveness/index.html |publisher=CNN |access-date=21 September 2023 |date=20 September 2023}}</ref>
| |||