Largely in Compliance

Friends don't let friends spend money on the University of Phoenix:

The University of Phoenix expects to be placed on probation by its accreditor this spring, the university's parent corporation announced on Monday.

The proprietary college, which enrolls students both online and at more than 100 campuses across the country, is accredited by the Higher Learning Commission of the North Central Association of Colleges and Schools, one of the nation's six regional accrediting organizations.

The university's owner, the Apollo Group Inc., made the announcement in a filing with the U.S. Securities and Exchange Commission, saying that a team of reviewers from the Higher Learning Commission had concluded that the university had insufficient autonomy from its corporate parent.

Aside from the governance issue, the university was largely in compliance with the accreditor's standards, the filing said, though a draft report from the accrediting team also raised concerns about graduation and retention rates, assessing student learning, and the university's reliance on federal student aid, among other things.

Mind you AIU has happy grads...