Education Dept. Will Review For-Profit U. of Phoenix (Chronicle)
|July 15, 2014||Posted by Ryan C. Fowler under Online Education Forum|
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The Apollo Education Group, parent company of the University of Phoenix, disclosed in a corporate filing on Monday that the U.S. Education Department would conduct an “ordinary course program review” of the university’s financial-aid administration and other areas. From the filing, with the Securities and Exchange Commission:
The review, which is scheduled to commence August 4, 2014, initially will cover federal financial aid years 2012-2013 and 2013-2014, as well as compliance with the Jeanne Clery Disclosure of Campus Security Policy and Campus Crime Statistics Act, the Drug-Free Schools and Communities Act and related regulations.
The review comes amid heightened scrutiny by the Education Department of for-profit colleges. Most notably, the department last month put a temporary restriction on financial-aid disbursement to Corinthian Colleges, leading to an agreement this month that will result in the closure of most of that for-profit higher-education company’s campuses.