![]() ![]() Read the latest financial and business news from Yahoo Financeįollow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, SmartNews, LinkedIn, YouTube, and reddit. 'They stole my time’: For-profit college students share horror stories Some for-profit colleges double dip in both PPP and CARES coronavirus stimulus University of Phoenix 3 ( UoPX) is a private for-profit university headquartered in Phoenix, Arizona. ![]() Indeed’s survey asked over 193 respondents whether they felt that their interview at University of Phoenix was a fair assessment of their skills. ‘Dollar signs with heartbeats’: How for-profit schools blazed a trail of pain in America When asked in an Indeed survey about the difficulty of their interview at University of Phoenix, most respondents said it was medium. ‘The entire apple orchard is poisoned’: Experts call out for-profit college marketing tactics This story has been updated with a statement from the University of Phoenix. More than 24,000 borrower defense claims have been submitted against the University of Phoenix as of December 2020, according to a freedom of information request obtained by Yahoo Finance. ![]() Some predatory for-profit schools are geared toward aggressive recruiting and enrolling students fast, Yahoo Finance previously detailed, even though they leave students with heavy levels of debt. Grand Canyon University in Phoenix, Arizona offers an affordable, accredited education with more than 200 academic program offerings across nine colleges. There has been a boom in graduate enrollment at for-profit schools like Phoenix over the fall and spring semesters, according to data from the National Clearinghouse Research Center, as the coronavirus pandemic provided an opportunity for schools with slick marketing and remote capabilities. That money, the FTC announced on Wednesday, will be distributed in the coming days. The settlement had required the university to cancel $141 million in debts owed to the school by students who were harmed by the fake ads, and $50 million in cash. This settlement agreement has enabled us to continue our focus on our core mission of improving the lives of our students through career-relevant higher education, and to avoid any further distraction from serving students that could have resulted from protracted litigation.” "The University has admitted no wrongdoing and continues to believe it has acted appropriately. “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 of Phoenix spokesperson stated to Yahoo Finance. The FTC also said that the University of Phoenix provided false impressions that the schools worked with these companies to create jobs for its students and tailored curriculum for such jobs. ![]()
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