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As reported in Inside Higher Ed, the University of Phoenix announced Tuesday that it hired Peter Cohen as the university's president. Cohen arrives from McGraw-Hill Education, where he most recently has been the company's executive vice president. He previously was president of Pearson Education's school division.

Phoenix is a large for-profit chain that in recent years has struggled with slumping student enrollment and revenue. In addition, last year the university disclosed that some of its academic programs do not pass the federal government's gainful-employment rule.

"At every step in my career, I have sought ways to make education more engaging, accessible and impactful," Cohen said in a written statement. "It’s a thrill and an honor to continue pursuing this goal at University of Phoenix, a flagship institution of higher education."