“The University of Phoenix is struggling to keep enrollment up. It has lost about half of its students over the past five years and has fired 900 employees since September 2014 and stock is down by 60%.”
NEW YORK — The University of Phoenix, one of the largest non-profit colleges still operating, is the next one the government is going after for allegedly deceptive practices.
The struggling school is now facing a probe from the Federal Trade Commission. The agency is looking into whether the school engaged in deceptive marketing tactics, its parent company, Apollo Education Group, said Wednesday.
The company must hand over documents regarding matters that include ts marketing, tuition, billing, accreditation, and military recruitment practices going back as far as 2011. Apollo said it would cooperate fully with the FTC.
Apollo declined to comment to CNNMoney and cited their response in the legal filing which stated, Apollo is evaluating the demand and intends to cooperate fully with the FTC.”
The probe comes as the federal government is cracking down on for-profit colleges, which have long been criticized for leaving students with loads of…
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