UA System board says no to resolution supporting University of Phoenix purchase arktimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arktimes.com Daily Mail and Mail on Sunday newspapers.
A resolution to affiliate the University of Arkansas with the University of Phoenix was struck down in a 5-4 vote by the UA System Board of Trustees on Monday.
The private-equity firms that own the online University of Phoenix decided to sell, probably because the getting is good. The online for-profit college market grows more regulated and crowded.
University of Arkansas System board of trustees members appeared split on a potential affiliation with the University of Phoenix during a special meeting Wednesday, and they plan to vote on a proposed agreement during a meeting Monday.
University of Arkansas system trustees appear divided on a plan to purchase the University of Phoenix, The Northwest Arkansas Democrat Gazette reported. The trustees discussed the plan at a meeting Wednesday. One trustee asked for a delay in the scheduled vote on the deal on Monday.