![]() ![]() "The FTC made allegations concerning a campaign that ended in 2014 that were not tested through litigation, and do not constitute factual findings by either the FTC or any court," a university spokesperson said. The school said in a statement the $191 million will not have a significant financial impact on its operations. The Federal Trade Commission is sending checks totaling nearly 50 million to 147,000 former students of the University of Phoenix. PHOENIX- ( BUSINESS WIRE )-The University of Phoenix honored its annual Faculty of the Year Award recipients at an awards ceremony event held. The school ultimately consented to pay $191 million, an agreement one FTC official called "the largest settlement the commission has obtained in a case against a for-profit school."Ī University of Phoenix spokesperson told CBS MoneyWatch Thursday that it did not admit wrongdoing and believed that its advertisements were appropriate. ![]() In the scene, parked cars are lifted out of their spaces and replaced with logos of major companies and Rashad says "At University of Phoenix, we're working with a growing list of almost 2,000 corporate partners, companies like Microsoft, American Red Cross and Adobe, to create options for you." ![]() Our commitment to educational excellence and unsurpassed student service has made us the leading accredited university offering online courses in the United States. Now that the Phoenix-based operator of University of Phoenix and Western International. Founded in 1976, University of Phoenix was one of the first accredited universities to offer online college education with complete degree programs via the Internet. and cancel 141 million in debts, largely for unpaid tuition and fees, owed. As expected, the 1.1 billion sale of Apollo Education Group Inc. It will pay a 50 million penalty to the F.T.C. At its peak, the university had about 470,000 students in 2010. It has about 75,000 students, and it received about 930 million in federal money meant for student financial aid in fiscal year 2020-2021. In one television ad, actress Phylicia Rashad narrates as a prospective student navigates through a crowded campus parking lot. The University of Phoenix did not admit wrongdoing under the settlement. The University of Phoenix is one the nation’s largest for-profit providers of online college education. ![]()
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