Timeline of Events
The university was founded by John Sperling. Started in 1976, the first class consisted of eight students.
University of Phoenix leaders made the decision to take the parent company, Apollo Group public. Capital from Wall Street launched the school.
The university’s parent company settled a lawsuit over financial aid fraud by paying the government $67.5 million, plus $11 million in legal fees, without admitting any wrongdoing.
UOPX came under government scrutiny after its Phoenix and Philadelphia campuses were found to have been engaging in deceptive enrollment practices and fraudulent solicitation of FAFSA funds.
In 2016 stockholders of Apollo Education Group filed a class-action lawsuit against the corporation, arguing that the company withheld information that led to significant losses in stock prices. Several of the allegations are related to University of Phoenix’s recruiting of military personnel and veterans.
UOP Launched it’s online program.
The federal government fined the university $6 million for including study-group meetings as instructional hours.
The University of Phoenix settled a false-claims suit for $78.5 million in 2009 over its recruiter-pay practices.
In October 2015, the U.S. Department of Defense suspended the university ability to recruit on U.S. military bases and receive federal funding for educating members of the U.S. military.
During recent lawsuits, the University of Phoenix must pay Millions over financial aid fraud. Government blocks recruiters from contacting military personnel.
If you attended the University of Phoenix, regardless of when you attended, you may qualify for partial or even full loan forgiveness.
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