CAPPS - Avocacy and Communication Professional Development

California Association of Private Postsecondary Schools

University of Phoenix Closing 115 Locations

10/17/2012

Inside Higher Ed - October 17, 2012

The Apollo Group on Tuesday announced that it was closing 90 of the University of Phoenix's satellite learning centers and 25 of its campuses, leaving 112 remaining locations. The closures are part of a "re-engineering initiative" that the company said will help the bottom line by 2014. About 13,000 students, or 4 percent of those pursuing degrees at Phoenix, will be affected by the shuttering of locations. But those students will continue to be served online and at alternative sites, according to the company.

The news accompanied the release of Apollo's disappointing fourth-quarter earnings, with a 10 percent decline in annual revenue and a 15 percent dip in enrollment at Phoenix. The company also announced the elimination of 800 jobs, but not faculty positions. Phoenix last week introduced a tuition freeze for current and incoming students.