Tuesday, March 5, 2013

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...

9 comments:

ifthethunderdontgetya™³²®© said...

And the WaPo's Kaplan University scam is no butter.
~

zombie rotten mcdonald said...

and they are barely worse than voucher schools.

strawberryshortpants said...

wahhhh, and I gots me a BFA!!!!

Big Bad Bald Bastard said...

Accept nothing but the finest quality... I'm currently studying Applied Goatseology at the McGravitas Institute.

mikey said...

You gotta admit it's a righteous scam. You don't even steal the mark's money - they get a loan from the gov't which they sign over to you in return for - well, that's what makes it a scam, right?

zombie rotten mcdonald said...

and the recipients of degrees from these places have the lowest success at finding jobs, so they also have the highest levels of default on those loans.

Unfortunately, given the state of things, that gubblemint guarantee is necessary for the students of traditional colleges, so until we find a way to kill the profit motive from education, these carpetbaggers have a workable scam.

Substance McGravitas said...

How does anything get done without a profit motive? Should I STOP charging The Lovely Daughter for hugs? How many hugs could she expect to get?

zombie rotten mcdonald said...

well, apparently 66 cents worth.

Smut Clyde said...

TLD's money is bullying me.