Feb
08
University of Phoenix Owner, Apollo Education Group, Will Be Taken Private
By
A University of Phoenix campus in Philadelphia in 2004.CreditTim Shaffer for The New York Times
The troubled for-profit education company that owns the giant University of Phoenix agreed on Monday to be bought for $1.1 billion by a group of investors that includes a private equity firm with close ties to the Obama administration.
The university and its owner, the Apollo Education Group, have been subject to a series of state and federal investigations into allegations of shady recruiting, deceptive advertising and questionable financial aid practices…
University of Phoenix Owner, Apollo Education Group, Will Be Taken Private
