Accreditor Defers Action on U of Phoenix Parent Company Merger
The Higher Learning Commission announced Thursday it would defer action on a proposed merger agreement from Apollo Education Group -- the parent company of the University of Phoenix.
HLC notified Apollo that it would defer action until the U.S. Department of Education provides a written response regarding the agreement, according to a corporate filing. The regional accreditor will reconsider the merger within 30 days. If the department hasn't responded, HLC can also take up the matter in November.