University of Phoenix Scam Lastly, many of us are bothered by the thought that these for-profit corporations are earning billions of dollars from federal student-aid programs that are funded with tax dollars. Many folks agree that business owners should be liberal to do whatever they need with their profits. within the for-profit […]
University of Phoenix Scam Lastly, many of us are bothered by the thought that these for-profit corporations are earning billions of dollars from federal student-aid programs that are funded with tax dollars. Many folks agree that business owners should be liberal to do whatever they need with their profits. within the for-profit sector, this is often controversial because the profits are generated from tax payers. Taxpayers became conscious of the abysmal graduation rates in these schools and wonder why their money is being spent on schools where a majority of scholars drop-out without degrees or certificates.
Aren’t all private colleges for-profit? How are traditional private colleges, e.g., Colombia University, Georgetown University and ny University with much higher tuition any different?
Private means it’s not operated by the govt . This has nothing to try to to with being for-profit or not-for-profit. Not-for-profit colleges are expected to use all surplus/profits to accomplish the school’s mission. On the opposite hand, the owners of for-profit colleges can do whatever they need with their profits. Luckily, some for-profit school owners see their institutions as long-term investments and believe that reinvesting profits to rent the simplest employees and maintain state-of-the art facilities make them competitive.
The University of Phoenix is now on the list of the for-profit university to get into trouble in recent years. University of Phoenix lawsuit and complaints are on the spot right now and need prompt attention. The university faces some claims on false advertising, inflated graduation rates, etc. There are also other issues like the former students are being crushed by massive student loan debt which the University of Phoenix impacted. Due to student loans, as many people don’t buy a home or even delay to marry for a while. At the same time, they are trying to reduce personal expenses, move to cheaper homes, cannot afford to retire within the statutory period.
Students are noticeably different from graduates ten years ago with their financial carelessness. Previously, the students were open to the world. They could get employed without any problems, pay off their debts, buy real estate in a few years (on credit, of course). Today’s graduates turn back and realize that in just a few years they have driven themselves into huge debts, which will be very difficult to settle accounts with.
Brief Information about Phoenix University
The University of Phoenix is a private university founded in 1976 in Phoenix, Arizona. There are more than 200 campuses, the university trains about 300,000 students. The university offers associate, bachelor and master’s degrees in accounting, e-commerce, marketing, management, information technology, and nursing.
Also, students have access to doctoral programs in the fields of arts and sciences, business and management, criminal justice and security, pedagogy, community services, nursing care and health care, psychology, and technology.
Along with many advantages, complaints also exist that we will give comprehensive information below and how to get rid of your huge student loan debts. Now we will investigate below the topic about what is the University of Phoenix lawsuit and the ways to eliminate it. Because the best way to get rid of the problem is to be enough informed on the issue than to seek ways.