A new report from the Education Trust has just been released that analyzes the growth of for-profit universities.
-- University of Phoenix (all campuses) graduation rate: 9%
-- University of Phoenix (Online) graduation rate: 5%
-- University of Phoenix (Cleveland) graduation rate: 4%
-- University of Phoenix (all campuses) % revenue from federal financial aid: 90%
-- Pell grant aid to U of P in 2009-2010: more than $1 billion
-- Median student debt upon graduation at for-profit universities: $31,190
-- Median student debt upon graduation at public universities: $7,960
The facts speak for themselves. The University of Phoenix preys upon the most vulnerable students and leaves them with a hefty bill.