uPhoenix imposes deep cuts due to plummeting revenue, enrolment

July 2, 2015

The University of Phoenix announced on Monday that it would eliminate most of its associate degree programs, close more of its physical campuses, and establish its first admission requirements to ensure continued accreditation. The university will likely have just 150,000 students by 2016, down significantly from the 460,000 it reported in 2010. In the nine months leading to May 31, the school also saw its revenue decrease by $379.3 M, or 18.8%. The school’s parent company, Apollo Group, has also announced that it will lay off approximately 600 employees. The Chronicle of Higher Education | Inside Higher Ed