U. Of Phoenix founding family sells $127 million in stock while less than 7% of Phoenix students graduate in DC metro area | Dailycensored.com

U. Of Phoenix founding family sells $127 million in stock while less than 7% of Phoenix students graduate in DC metro area | Dailycensored.com:

U. Of Phoenix founding family sells $127 million in stock while less than 7% of Phoenix students graduate in DC metro area

by Danny Weil

As Maryland Congressman Elijah Cummings ramps up his investigation of for-profit college CEO pay, stock options and stock sales and their relationship to student outcomes, he may want to pay particular attention to the Universityof Phoenix.

In 2011 The Sperling family ( founders of University of Phoenix) cashed in $127 million in stock, while theUniversityof Phoenixwas ranked as having the lowest graduation rate (6-7%) of any college in theWashington DC metro area. Sound familiar? Sure, Kaplan comes to mind as do the other for-profit predatory schools that commodify education and sell diplomas as a ‘ticket’ for a failing economy. Americans were duped