Univ university of phoenix student login1/19/2024 “I think that the decisions made in the past were poor business decisions. But Green also noted that Phoenix’s enrollment has increased by 4.7% over the past year. Green said it is “fair” to question Phoenix track record - which includes a $191 million settlement with the Federal Trade Commission over deceptive advertising. “The University of Phoenix has some of the best persistence systems we’ve seen.” Green also said the U of I could also tap Phoenix’s systems for tracking students who are struggling in class, or taking classes that don’t fit their major. And Phoenix’s course catalog already includes 560 classes recognized by the U of I. The Phoenix purchase would provide the U of I access to a first-rate, user-friendly online education delivery system, Green said. “Ours is a clean break, we’re buying everything.” But Green emphasized that the U of I would acquire all of Phoenix’s assets, and none of Phoenix’s revenues would have to go back to investors. But Purdue acquired Kaplan for $1 the U of I would essentially pay $350 million for Phoenix. Green has likened the U of I-Phoenix deal to other partnerships between traditional universities and for-profit partners, such as Purdue University’s acquisition of Kaplan University. Attorneys from Hawley Troxell, a Boise law firm, gave the U of I the go-ahead. Calling this claim a “red herring,” Green said the U of I looked into the mechanics of the plan early on. Is it all constitutional? The Idaho Freedom Foundation, a libertarian-leaning lobbying group, says the financing plan is unconstitutional, since NewU has no authority to use the state’s bonding authority. This could drive up financing costs for future U of I projects, Green said, but only slightly, since the U of I would retain an “investment grade” bond rating. But during the State Board’s May 18 meeting, U of I officials said the purchase could still affect the university’s bond rating. The U of I would not bond for the Phoenix purchase - that would be done through the nonprofit, dubbed NewU. And we wouldn’t have to ask the taxpayers to do it.” “We wouldn’t have to go to the Legislature to do it. “I wouldn’t like it, but we can do it,” Green said. The U of I could cover its payments from budget reserves. ![]() Green said that’s extremely unlikely - and would only happen if Phoenix essentially went out of business and burned through $60 million in debt reserves. Meanwhile, the U of I would be on the hook for up to $10 million a year, if the nonprofit taking over Phoenix cannot make its payments. In time, the U of I could be able to plow this new money into scholarships and new programs: “The faculty are coming up with new opportunities every day.” Initially, the U of I would probably have to use those profits to defray the costs of making the deal. What’s in it for the U of I? Green again said the U of I would receive $10 million in annual revenues from Phoenix operations - before payments on the purchase. “Students throughout the state are going to be the huge beneficiaries of this. Phoenix will provide another pathway, especially for rural Idahoans and students pursuing in-demand careers. What’s in it for students? Green said there is little overlap between Phoenix’s online courses and the U of I’s programs - and little overlap with Online Idaho, the state’s nascent portal designed to allow remote students to tap into digital courses from all of the state’s colleges and universities. Here are some key talking points, and some new details that came out of Thursday’s interview: The State Board of Education endorsed the deal a day later - bringing the U of I one step closer to acquiring a for-profit online giant with an enrollment of 85,000 students and a checkered history.ĭuring the interview - available in full, in podcast format - Green addressed a number of recurring questions about the proposed acquisition, and touted the upside of the purchase. On May 17, the U of I abruptly announced its plan to acquire the University of Phoenix, sending shockwaves through the state’s education and political circles. “Any president who’s not taking this seriously is truly failing their institution.” “Frankly, in my opinion, not all institutions in this country will survive,” Green told Idaho Education News in an interview Thursday. A declining birth rate, dating back to the Great Recession, puts traditional colleges in peril. If the U of I doesn’t expand - and tap into a growing population of nontraditional, online adult learners - the university will be left to compete in a shrinking market, for a limited number of college-bound 18- to 22-year-olds. Scott Green said Thursday.īut standing pat carries a big risk, he said. The $685 million plan to buy the University of Phoenix carries limited financial risk for the University of Idaho, President C.
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