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Apollo Education Group, Inc. was a for-profit education company that operated several higher education institutions, including the University of Phoenix, Western International University, and Axia College. The company was founded in 1973 by John Sperling, a former professor of history at San Jose State University.
Sperling started the company with the goal of providing educational opportunities to working adults who were unable to attend traditional universities due to work or family obligations. The University of Phoenix, which was the company’s flagship institution, offered flexible scheduling and online courses, making it easier for students to balance their education with their other responsibilities.
Over the years, Apollo Education Group grew rapidly, expanding its offerings to include undergraduate and graduate degree programs in a variety of fields, including business, education, healthcare, and technology. The company also acquired several other education companies, including Western International University and Carnegie Learning, a provider of math education software.
In 2015, Apollo Education Group faced scrutiny from the U.S. Department of Education over allegations of deceptive marketing practices and low graduation rates at the University of Phoenix. The company also faced declining enrollment and financial losses, leading to the announcement of a potential sale of the company in 2016.
In February 2017, Apollo Education Group was acquired by a group of investors led by The Vistria Group, LLC, a private equity firm. The company was taken private and delisted from the NASDAQ stock exchange.
Today, the University of Phoenix and other institutions formerly owned by Apollo Education Group continue to operate under the ownership of The Vistria Group. The University of Phoenix remains one of the largest for-profit universities in the United States, with over 100,000 students enrolled in its online and on-campus programs.