"A submitted question asked about the potential for ongoing liability for costs associated with pending Borrower Defense Claims against UoPX. Green previously told the Idaho Press it’s estimated this liability could come to up to about $7 million... — read more
Robocolleges, Artificial Intelligence, and the Dehumanization of Higher Education
https://www.highereducationinquirer.org/2023/05/robocolleges-artificial-intelligence.html
University of Phoeix featured in Season 8 of College Tour
Should be exciting. https://www.benzinga.com/pressreleases/23/05/b32597447/university-of-phoenix-featured-as-one-of-first-institutions-focused-on-working-adult-learners-in-s
On to Idaho?
https://idahonews.com/news/local/idaho-state-board-of-education-to-discuss-u-of-i-proposal-to-acquire-university-of-phoenix
More scrutiny
https://www.republicreport.org/2023/durbin-warren-say-u-of-phoenix-violates-deal-with-ftc-not-to-deceive-students/
University of Arkansas System Board of Trustees Votes No.
https://arktimes.com/arkansas-blog/2023/04/24/ua-system-board-says-no-to-resolution-supporting-university-of-phoenix-purchase https://www.republicreport.org/2023/arkansas-trustees-reject-university-of-phoenix-purchase/
Arkansas Sludge-A-Rama
https://arktimes.com/arkansas-blog/2023/04/20/ua-system-trustee-kelly-eichlers-husband-works-for-stephens-inc-it-stands-to-make-millions-from-a-phoenix-buyout
Big Meeting on Monday
https://arktimes.com/arkansas-blog/2023/04/19/ua-system-to-take-phoenix-plan-to-board-of-trustees-for-a-vote-monday
Financing on effort in Arkansas to buy University of Phoenix remains unresolved
https://arktimes.com/arkansas-blog/2023/04/17/financing-on-effort-in-arkansas-to-buy-university-of-phoenix-remains-unresolved
How much do you love your job?
https://kdvr.com/great-day-colorado/sponsored-gdc/how-much-do-you-love-your-job-university-of-phoenix-releases-new-study-on-americans-in-the-workforce/
"Supreme Court leaves student loan settlement in place"
https://www.npr.org/2023/04/13/1169830188/student-loan-forgiveness
Doesn't UoPX even have enough money for social media?
Last post on Twitter was November 11, 2022. https://twitter.com/UOPX
Arkansas and 19 Other Republican States Fighting Borrower Defense in US Supreme Court
Looks like a potential victory for UoPX over college debtors. https://www.supremecourt.gov/DocketPDF/22/22A867/262943/20230406121912418_Sweet%20Stay%20Amicus.PDF
How it's playing in Arkansas
https://www.5newsonline.com/article/news/regional/arkansas-news/plan-ua-university-of-phoenix-deal-arkansas-business/527-e3a39ec9-6c29-47a4-95c6-64d9c3fcc3c2
EdTech Meltdown
https://www.highereducationinquirer.org/2023/04/edtech-meltdown-grows-beyond-silicon.html
Colleges ask Supreme Court to halt $6B student loan debt settlement
https://www.nbcnews.com/politics/supreme-court/colleges-ask-supreme-court-halt-6b-student-loan-debt-settlement-rcna78307
How much is University of Phoenix worth?
"With the regulatory risks surrounding Phoenix and its smaller size, he suspects it couldn’t command a purchase price of more than $200 million." https://www.washingtonpost.com/education/2023/03/31/university-phoenix-arkansas-deal-draws-scrutiny/ — read more
USA Today Article (University of Phoenix Targeting Veterans)
https://www.usatoday.com/story/news/investigations/2023/03/22/gi-bill-university-of-phoenix-veterans-affairs/11486672002/
University of Phoenix-UA story at Ozarks at Large
https://www.kuaf.com/show/ozarks-at-large/2023-03-22/university-of-arkansas-system-moves-closer-to-deal-with-university-of-phoenix
More than 69,000 Borrower Defense To Repayment Claims Against University of Phoenix
69,180 cases to be exact. Imagine what happens if more folks figure out that Borrower Defense to Repayment is an option. And imagine if UoPX is held liable.
Borrower Defense Claims Surpass 750,000. Consumers Empowered. Subprime Colleges and Programs Threatened.
As of January 2023, there are more than ¾ of a million Borrower Defense claims against schools. And each month, about 16,000 new claims are added. Those claims are disproportionately made against a number of for-profit colleges and formerly... — read more
"Apollo Eyes SVB Assets as Suitors Circle $73.6 Billion Loan Book"
https://www.bloomberg.com/news/articles/2023-03-13/apollo-eyes-svb-assets-as-suitors-circle-73-6-billion-loan-book#xj4y7vzkg
University of Arkansas Deal is Dead?
Heard from someone in the industry that the deal was dead.
The "Neptune" Contract
https://arktimes.com/wp-content/uploads/2023/02/UA-Stephens-0135_RA1224131_OR-1.pdf https://arktimes.com/arkansas-blog/2023/02/08/stephens-inc-could-make-more-than-a-million-if-ua-systems-phoenix-effort-succeeds
An Email of Concern to the People of Arkansas about the University of Phoenix
https://www.highereducationinquirer.org/2023/03/an-email-of-concern-to-people-of.html
Deal Breaker?
https://content.govdelivery.com/accounts/USED/bulletins/34c0176
Higher Learning Commission
When asked by Sh*n about the proposed deal for a non-profit associated with the University of Arkansas to acquire the University of Phoenix, GD said HLC would not be “rushed” in reviewing it and was “looking very closely” at the... — read more
Veterans' group warns against a Phoenix deal; UA System president defends moving forward
https://arktimes.com/arkansas-blog/2023/02/28/veterans-group-warns-against-a-phoenix-deal-ua-system-president-defends-moving-forward
Education Department Should Penalize Accreditor HLC For Tolerating Predatory Colleges
Republic Report contact info is here for those who may be feeling guilty. https://www.republicreport.org/2023/education-department-should-penalize-accreditor-hlc-for-tolerating-predatory-colleges/
Latest in the Sweet v Cardona case
https://storage.courtlistener.com/recap/gov.uscourts.cand.344091/gov.uscourts.cand.344091.382.0.pdf
University of Phoenix problems used hold up Sweet v Cardona
Case 3:19-cv-03674-WHA Document 381 Filed 02/22/23 On February 15, 2023, Plaintiffs’ counsel and other activist organizations submitted the attached letter to the Board of Trustees of the University of Arkansas (“UA Board”) regarding the... — read more
Companies can no longer silence laid-off employees in exchange for severance
https://www.cnn.com/2023/02/22/success/severance-agreements-rule-change-from-nlrb/index.html
Shaq, Phoenix grad
So what can UoPX learn from this? '"The University of Phoenix is an online program mostly. But I went to the head officials and said, "I don't want to do it online. I want somebody to teach me in a class.' And they came back and said... — read more
32,300 Borrower Defense Claims Against University of Phoenix
https://vetsedsuccess.org/coalition-letter-to-the-university-of-arkansas-trustees-regarding-the-potential-purchase-of-the-university-of-phoenix/
Court records conform at least 21,000 Borrower Defense to Repayment claims
University of Phoenix leads the pack in the number of Borrower Defense to Repayment claims. In 2020 the number was already at 21,000. Chances are that the number is significantly higher in 2023. Some of these cases will settled if Sweet v Cardona... — read more
Reaffirmation of Accreditation for UoPX
And apparently with no limitations/restrictions. Congrats! https://www.hlcommission.org/Students-Communities/january-2023-actions.html
Really?
Looks like fodder for Borrower Defense to Repayment. https://www.phoenix.edu/career-institute.html
"UA System moves closer to affiliation with University of Phoenix"
Sales pitch... "An affiliation with the University of Phoenix would not only bring roughly $20 million in revenue annually to the University of Arkansas System, but also UA System schools could benefit from Phoenix’s advanced technology, innovative... — read more
Department of Education Borrower Defense to Repayment claims
How many former students of University of Phoenix have filed for Borrower Defense to Repayment? Have heard 30,000 from a reliable source--and that may be a conservative number. More of these claims in the future could lead to an enormous liability... — read more