Posted on Jul 18, 2014
For profit education companies coming under increase scrutiny, What do you say?
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Apollo Education Group said the U.S. Education Department will review the administration of federal student financial aid programs by its University of Phoenix subsidiary.
The for-profit education company said Monday that the government review, which is scheduled to start Aug. 4, will initially cover the 2012-13 and 2013-14 years. The review will also cover the University of Phoenix’s compliance with laws governing campus security and crime statistics and drug policy. The university has about 241,900 students.
The Education Department did not immediately respond to a request for comment.
The University of Phoenix is among the top schools for students who use military tuition assistance and the Post-9/11 GI Bill.
Enrollments at for-profit education companies boomed during the recession, but demand is sliding and government scrutiny of the industry has intensified.
Another for-profit education company, Corinthian Colleges Inc., this month agreed to close or sell more than 100 campuses in the U.S. and Canada after the Education Department had stepped up its financial monitoring of the company. The Education Department said Corinthian failed to provide adequate paperwork and didn’t comply with requests to address concerns about the company’s practices. The department said the concerns included allegations of falsifying job placement data used in marketing claims to prospective students, and allegations of altered grades and attendance.
The for-profit education company said Monday that the government review, which is scheduled to start Aug. 4, will initially cover the 2012-13 and 2013-14 years. The review will also cover the University of Phoenix’s compliance with laws governing campus security and crime statistics and drug policy. The university has about 241,900 students.
The Education Department did not immediately respond to a request for comment.
The University of Phoenix is among the top schools for students who use military tuition assistance and the Post-9/11 GI Bill.
Enrollments at for-profit education companies boomed during the recession, but demand is sliding and government scrutiny of the industry has intensified.
Another for-profit education company, Corinthian Colleges Inc., this month agreed to close or sell more than 100 campuses in the U.S. and Canada after the Education Department had stepped up its financial monitoring of the company. The Education Department said Corinthian failed to provide adequate paperwork and didn’t comply with requests to address concerns about the company’s practices. The department said the concerns included allegations of falsifying job placement data used in marketing claims to prospective students, and allegations of altered grades and attendance.
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Servicemembers
Servicemembers
Posted >1 y ago
Responses: 3
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I think a little oversight is great for the consumer. It's important to keep companies honest.
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Its a good to have an investigation. I have gotten degrees from both for profit and non-profit schools. There are ups and downs to both. Some of the traditional schools I've attended didn't care about me, because I was an online student and would rarely return my calls or emails. The for profit schools I attended were the exact opposite they would either always call or email me back at least in the same business day. On the other hand some for profit schools are just that for profit. I know some of the work I submitted I would have given myself a C at best, but I got an A. So if anything this should be for all schools that cater to the military and not just those that are for profit.
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