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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 [...] 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 [...] A report from Marco Broccati, FLC CGIL (Italy) In Italy, things are going from bad to worse. This Government has cut funding in every public branch. Schools, Universities and public institutions of research have been the first victims. We had, all in all, a cut of about 10 billions euros in 3 years, which [...] An interesting report in the Observer newspaper on 22 August picked up that Kaplan’s parent company, the Washington Post, saw its share price fall to the lowest point this year as the row about defaults on student loans among private sector students in the USA continues. Peter Preston’s report noted: “Some 62% of Post revenues [...] Victory for research – plans to make funding dependent on ‘economic impact’ postponed On 9 July 2010 UCU welcomed the announcement from the minister for universities and science, David Willetts, that there would be a one-year delay in order to review proposed changes to the Research Excellence Framework (REF): UCU welcomes decision [...] UCU warned the Conservative-Liberal Democrat coalition government that encouraging the growth of private universities would damage the UK’s international reputation and invite serious questions about standards. BPP, the subsidiary of Apollo which has degree awarding powers, has been lobbying the government heavily to relax the regulations on who can call themselves a university. As the Times [...] 22,000 staff risk losing their jobs if the government presses ahead with plans to cut 25% more from already slashed HE budgets, according to UCU research published in July: http://www.ucu.org.uk/index.cfm?articleid=4736&from=4725&start=11 This comes at the same time as news that 200,000 young people will miss out on a university place this year as a result [...] Inside Higher Ed reports that U.S. colleges are increasingly turning to for-profit pathway programs for international students in a bid to boost revenues. In January 2010, Australia-based Navitas sealed its first U.S. deal, a 10-year contract with Western Kentucky University. Since then, the company has signed three more agreements – with the Universities of [...] UK private education company BPP College has been lobbying the new coalition government for further de-regulation of the rules governing university status in moves that would open the door for the further expansion of the private sector. A story in the Times Higher Education magazine appeared to confirm what UCU has suspected, that BPP [...] |
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