For over 30 years, University of Phoenix has provided relevant education for our students and has had a strong sense of social responsibility. The University is in a position to nimbly react and respond as the needs of our nation and our students change.
Right now is a time we feel we must respond. It's no secret that we are facing one of the most turbulent times in American history. Not since the Great Depression have more companies, individuals and families experienced such financial turmoil.
However, unlike in the 1930s, today’s global economy is demanding a greater number of knowledgeable workers. University of Phoenix plays a pivotal role in fulfilling the need for these workers by providing quality education to people across the country and throughout the world.
Our University's Academic Annual Report addresses the robust dialogue surrounding the need to raise the skill level of workers in the United States to remain competitive in the 21st century.
Whether you are a current student who is continuing your education with us or a prospective student exploring your options in higher education, we know you may have questions about the financial crisis and financing your education during these turbulent times.
Take time to peruse the many resources we have created to help you. These resources include answers to your most frequently asked questions as well as websites which will provide you with more information on how to pay for school and specific information to help you stay on top of the financial crisis.
Many of these resources reiterate a few important facts:
- Even though there are many issues in the economy now where people cannot get loans, anyone eligible can still get a Title IV loan.
- The government has increased the amount of Title IV loans, effective July 1, and excess proceeds above tuition and direct costs are available to the student.
- Title IV loans do not have to be repaid while you are in school. If a student drops from school, loans then need to be repaid.
- If you are in an industry hit hard by the economy, now is the time to consider a curriculum in a growing and more stable area such as education or nursing.
Providing resources, such as these, is just one of the many ways University of Phoenix lives our mission and we do it because it is what is right for our students.
Our journey as the leader and innovator in higher education has been made possible by our dedicated staff, students, faculty and alumni ambassadors. More people are coming to recognize that the University of Phoenix model is the way education looks, and should look, today.
Thank you for entrusting us with your education!
William J. Pepicello, President, University of Phoenix