U Arkansas System Board Votes Against Acquisition of University of Phoenix

It's a non-binding vote for an affiliate / licensing deal

Was this forwarded to you by a friend? Sign up, and get your own copy of the news that mattered sent to your inbox every week. Sign up for the On EdTech newsletter. Interested in additional analysis? It’s free through May 24, 2023. Upgrade to the On EdTech+ newsletter.

I posted the following on Twitter and wanted to share here, especially for non-Twitter users.

University of Arkansas board votes 5-4 against the acquisition / affiliation with the University of Phoenix.


The vote is symbolic, or non-binding, as the UA president can move forward even without the board's support.

The reasons against deal:
* reputation and legal baggage
* 9 years before any ability to unaffiliate
* minority representation on board of nonprofit foundation created for this deal
* lack of board access to due diligence reports and secretive 2 year process

UoP acquisition proponents pointed to $20m rev per year (projections) along with ability to learn from UoP retention models for nontraditional students

The closest model to this deal is UMassOnline's affiliate agreement with Brandman U.

Subscribe to On EdTech+ to read the rest.

Become a paying subscriber of On EdTech+ to get access to this post and other subscriber-only content.

Already a paying subscriber? Sign In

A subscription gets you:
New content 3-4 times per week
Shared Q&A discussions
More coming soon