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Courtesy of JoshD from the sister board (ThatBankDude on DegreeForum)... Seems like it's going to be set for 2024!
Hopefully they change their ways and promote student success instead of wasting cashflow on advertising like they did before!
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Univ of Arkansas plans must have fallen through
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(05-19-2023, 10:21 PM)jsd Wrote: Univ of Arkansas plans must have fallen through
Didn't they buy Grantham?
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05-20-2023, 10:08 AM
(This post was last modified: 05-20-2023, 10:08 AM by jsd.)
(05-20-2023, 08:05 AM)ss20ts Wrote: Didn't they buy Grantham?
Yes, they were also in talks with UoPhx as well:
https://www.degreeforum.net/mybb/Thread-...of-Phoenix
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The following 1 user Likes jsd's post:1 user Likes jsd's post
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05-20-2023, 10:13 AM
(This post was last modified: 05-20-2023, 10:14 AM by Pats20.)
I don’t think it was their advertising budget that did them in but rather the false advertising.
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(05-20-2023, 10:13 AM)Pats20 Wrote: I don’t think it was their advertising budget that did them in but rather the false advertising.
The false advertising is what caused lawsuits and issues with the government and accreditation board.
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At the peak of their enrollment era, advertising fees and their other expenses came out to roughly a hundred million a year! If only they had more of a focus on students enrolling and properly providing a suitable education, they would have been in a much better situation than now...
With more happy, satisfied, and well educated students, you'll gain more revenue, plus appease investors, and expand offerings accordingly for growth purposes, they could have cycled this over and over again but instead lost focus on what they needed versus what they wanted...
In short, upper management didn't do much of a job at all to alleviate any potential issues, basically made it worse by trying to cover their mistakes and keep enrolling students so they can take out student loans, their focus was exactly that, on the revenue from those loans and not student learning.
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(05-19-2023, 07:15 PM)bjcheung77 Wrote: Courtesy of JoshD from the sister board (ThatBankDude on DegreeForum)... Seems like it's going to be set for 2024!
Hopefully they change their ways and promote student success instead of wasting cashflow on advertising like they did before!
Link: Idaho acquiring University of Phoenix | DegreeInfo
Graduate Certificate: Global Management & Entrepreneurship, ASU (Freebie)
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I do worry that it'll be a Purdue Global situation, where the intentions are good but the arrangement with the old owners as service provider causes serious problems.
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