Ashford University acquired by University of Arizona to become their new global campu

[ss20ts]

What's the over/under on Michigan or Ohio State buying U of Phoenix in the next three years?

0% chance

[Johann]

https://www.kvoa.com/news/online-univers...27297.html

Ashford and their former owner(Zovio) fined $22 million. Looks like the rebrand was a good thing for Ashford but I wonder how it will affect UofA's reputation in the long run...

I wonder, too. I'm not a fan of "lawsuit Universities" - e.g. Ashford. And too much "same old" here. Zovio, the former owner of Ashford continues to collect quite a chunk of the tuition for a long long time. I'd hate to see any of this "stick" to University of Arizona. But the new entity still has ties to the old Ashford owner, so...

In exchange for paying $54 million in a deal with the University of Arizona, Zovio will continue to receive almost 20% of the school's tuition revenue for the next seven to 15 years, according to court documents. 

From here: https://abcnews.go.com/amp/Politics/wire...s-83308591 Not a pretty story. With Zovio's record here, I wouldn't want to send 'em a dime.

HR Interviewer: "I see you earned your degree from Ashford. Isn't that the school which.... " 

No thanks - I'm out. (I was never in.)

[Alpha]

I assume that when UA acquired Ashford they also acquired this $22Million judgement
Online university fined $22M for misleading students - ABC News (go.com)

[ss20ts]

I assume that when UA acquired Ashford they also acquired this $22Million judgement
Online university fined $22M for misleading students - ABC News (go.com)

Ouch! And that's why it was $1...it was really $22 MILLION

[bjcheung77]

Yup, plus the $225 or so million in other liabilities, I recall reading it was up to a few hundred million for this purchase. I think it's a great deal, since Walden was fetched for almost 1.5 billion and only has about 25% more students!