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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. [70] Ashford University partnered with more than 100 companies to offer tuition discounts and a limited number of full-tuition grants.
In 2023–2024 school year, private schools had an average list price of $41,540 for tuition and fees. [7] Depending upon the type of school and program, annual graduate program tuition can vary from $15,000 to as high as $50,000.
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.
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 ...
In 2019, the Internal Revenue Service granted Ashford University tax-exempt status. Ashford University was the major source of revenue for Bridgepoint Education, now known as Zovio. [180] In 2020, University of Arizona announced an agreement to purchase Ashford University and rename it University of Arizona Global Campus. [181]
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.
The Department of Education is discharging $72 million in student loans for over 2,300 former students who attended Ashford University after the department found the online for-profit school made ...
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]