University of Phoenix affiliation rejected by Arkansas system board.
TL;DR
The Board of Trustees of the University of Arkansas system has rejected a proposal to affiliate with Transformative Education Services, a nonprofit entity that has been seeking to buy the for-profit University of Phoenix. The proposed arrangement would have provided the university up to $20 million a year. The vote was 5 to 4, with one abstention. The University of Phoenix was once the biggest university in the US, but its reputation has been battered by economic trends and regulatory scrutiny.
Topics:nationeducation#acquisition#education#for-profit-education#partnership#university-of-arkansas#university-of-phoenix
- Arkansas system board rejects affiliation with University of Phoenix Inside Higher Ed
- University of Arkansas System board votes against University of Phoenix deal The Washington Post
- UA System trustees vote not to pass University of Phoenix deal KNWA
- University of Arkansas trustees narrowly reject bid to affiliate with University of Phoenix Arkansas Online
- UPDATE: UA System board says no to resolution supporting University of Phoenix purchase Arkansas Times
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