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The news just keeps getter worse for the Apollo Group and its flagship University of Phoenix. The state of Oregon has announced that it’s suing the company for $US 10 million for securities fraud. The state’s treasurer and attorney general claim the University of Phoenix prepared misleading financial statements. The for-profit college allegedly overstated [...] The US Congress has been investigating the unethical recruitment of students by many private for-profit institutions. In Canada, the spotlight is now being shone on the international student recruitment practices of our public universities and colleges. A recent article in the Globe and Mail newspaper highlights how some Canadian institutions, facing budgetary constraints, have [...] A report from before the General Election in May 2010 which outlined the union’s opposition to the cross-party consensus on the privatisation of UK HE: http://www.ucu.org.uk/media/pdf/9/6/ucu_privatisingouruniversities_feb10.pdf The Apollo Group has announced that enrollments at its flagship institution, the University of Phoenix, have dropped by a whopping 40%. According to Bloomberg News, the biggest education company in the U.S. has been forced to withdraw its 2011 earnings forecast due to the declining student numbers and “increased regulatory scrutiny.” The Obama Administration [...] |
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