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Wednesday, November 18, 2009

U of Phoenix: Flow of Federal Financial Aid to For-Profit School Will Continue

The for-profit University of Phoenix -- the United States' largest university, with an astounding 400,000 students -- will continue to enjoy a massive flow of federal financial aid due to recertification from the U.S. Department of Education until 2012. In the wake of concerns about for-profit school, U Phoenix had been on a month-to-month arrangement with the government, according to an Arizona newspaper article, http://tinyurl.com/y8l7cde. How much money do the owners of this for-profit school receive from American taxpayers in the form of financial aid: $3.2 billion, according to the article. No wonder that U Phoenix has resources to heavily promote itself on the internet, airwaves, and billboards across the country. In a full-page ad in yesterday's New York Times, the president of Phoenix suggested that critics of the school are driven by "fear of change." According to the president, "We are a different kind of university with a different kind of student and different kind of faculty." The ad does not indicate that Phoenix is a for-profit entity that makes money for shareholders.




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