U.S. Ends Inquiry Into U. of Phoenix Practices

June 22, 2010

The Apollo Group on Monday said that its University of Phoenix subsidiary had received a letter signifying the end of the U.S. Education Department's review of its compliance with federal financial aid laws and rules, and that university had "successfully completed the corrective actions and satisfied the obligations arising from the review." Apollo said that the university had paid the government $660,000 in the second quarter of 2010 to resolve some of the claims, and returned roughly another $1.1 million in federal financial aid funds as well.

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