Some of you may remember that during the Obama years, one segment of higher education came in for for a barrage of criticism and administrative action from the U. S. Department of Education–the for-profit part. Here’s what happened after President Obama left office. “The University of Phoenix is still facing a federal investigation more than two years after a private equity firm with close ties to former President Barack Obama made a deal to purchase the for-profit college, despite one executive’s promise to operate ‘with the highest ethical standards,’ The Daily Caller News Foundation has learned,” Richard Pollack reported on The Daily Caller. “The Vistria Group is run by Martin Nesbitt, who’s been described as Obama’s best friend and is also chairman of the Obama Foundation.”
“The Apollo Education Group, which owns the University of Phoenix, agreed to be bought in February 2016, and Vistria completed the $1.1 billion purchase a year later.”
