uPhoenix shutting down 115 locations

October 18, 2012

The Apollo Group announced Tuesday that it was shutting down 90 of the University of Phoenix's satellite learning centres and 25 of its campuses, leaving 112 remaining locations. The closures are part of a "re-engineering initiative" that Apollo says will help the bottom line by 2014. The closures will affect approximately 13,000 students, or 4% of those pursuing degrees at the for-profit institution. The company says the affected students will continue to be served online and at alternative locations. The announcement accompanied the release of Apollo's disappointing fourth-quarter earnings, with a 10% decrease in annual revenue and a 15% drop in uPhoenix enrolments. The company announced 800 non-faculty job cuts. uPhoenix introduced last week a tuition fee freeze for current and incoming students. Inside Higher Ed