University of Phoenix is a proprietary institution. The University of Phoenix (UOPX) is an American for-profit institution of higher learning, headquartered in Phoenix, Arizona, United States. The university has an open-enrollment admission policy, requiring a high-school diploma, GED, or its equivalent as its criterion for admissions. The university has 112 campuses worldwide and confers degrees in over 100 degree programs at the associate, bachelor's, master's and doctoral degree levels. It is a wholly owned subsidiary of Apollo Group Inc., a publicly traded (NASDAQ: APOL) Phoenix-based corporation that owns several for-profit educational institutions.
The University of Phoenix closed 115 of its campuses in 2013, previously having over 200. The University of Phoenix attained a peak enrollment of almost 600,000 students in 2010, but its numbers have declined almost 60 percent since 2010. The enrollment drop has been attributed to operational changes amid criticism of high debt loads and low job prospects for university students. These changes included allowing students to try classes before officially enrolling and recruiter training programs that are designed to improve student retention and completion rates. In October 2013, Apollo Group reported University of Phoenix's degreed total enrollment 269,000, an 18% decline from 2012. New degreed enrollment fell 22% to 41,000.