University of Phoenix placed "on notice" by accreditors

The University of Phoenix expects to be placed "on notice" by its regional accreditor, the Higher Learning Commission of the North Central Association. The commission recently conducted a comprehensive review of the university, and an official with the Apollo Group, which owns Phoenix, told investors last week that the commission had said it would soon issue a report identifying "several areas of concern" that arose from the review. Placing the university on notice is less serious than probation. Phoenix would have up to two years to correct issues that could affect its accreditation status.