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The former Ashford University received approximately 95% of its money from the US federal government, including $41 million from military tuition assistance and $26 million from GI Bill funds. [69] Ashford University partnered with more than 100 companies to offer tuition discounts and a limited number of full-tuition grants.
In 2023–2024, weighted average list price for annual tuition and fees at a four-year public university (for residents of the state) was $11,260. [7] Tuition for public school students from outside the state is generally comparable to private school prices, although students can often qualify for state residency after their first year.
The Biden administration forgave the loans of 260,000 students of Ashford University. AP In 2023 the agency canceled loans for an initial 2,300 former Ashford students who applied for relief ...
It was owned by the company Zovio until the University of Arizona bought the online college in 2020. The Education Department started forgiving loans for Ashford students after a California court found the college routinely misled prospective students about its accreditation, costs and the time it would take to graduate.
Due to popular demand, the cost of higher education has grown at a rate faster than inflation between the late 20th and early 21st centuries. [81] Student housing costs have risen faster than even tuition fees. [82] From the 1990s to the 2010s, tuition and fees jumped 440%, as federal loans for students became more generous. [23]
The Biden administration is canceling $72 million in student loans for 2,300 borrowers who say they were cheated by Ashford University, a former for-profit college that was purchased by the ...
For example, Princeton University had a sticker price of $57,410 for tuition and fees in the 2022-2023 school year, but the average cost per student receiving needs-based grants was only $17,464.
Zovio, formerly Bridgepoint Education, Inc. (BPI), was a publicly held, American for-profit education services company. It was the online program manager for one online university, the University of Arizona Global Campus (formerly Ashford University), until the contract termination was announced August 1, 2022.