Dear all enrolled and prospective students:
The University of Phoenix is pleased to share updated information about an anticipated transaction that will result in a change in ownership of the University to a non-profit, and an affiliation with the University of Idaho. The transaction has been in the works for several months and is expected to be consummated on or after February 6, 2024.
This transaction will continue to advance our mission to provide you with high-quality and career-relevant education. After the consummation of the transaction, University of Phoenix will continue to be its own independently accredited institution. The transaction will not result in any immediate changes to our educational programs and courses, and the University of Phoenix will continue to be accredited by the Higher Learning Commission.
From a legal standpoint, the University of Phoenix will be acquired by a new non-profit tax-exempt organization named Four Three Education, Inc. and will continue to operate under the name University of Phoenix. While remaining a separately accredited institution, the University will become affiliated with University of Idaho as a result of the change in ownership because the sole member of Four Three Education, Inc. (the newly created non-profit entity) is the Regents of the University of Idaho.
The change in ownership will be finalized after necessary regulatory and other approvals have been obtained and all other transaction-related requirements have been met. Although we expect this change in ownership will happen as anticipated, we cannot guarantee that it will occur.
More information and details regarding the transaction are available on our website at the following link: University of Phoenix to affiliate with University of Idaho. In addition, please feel welcome to reach out to us with any questions at the following email address UOPXTransactionQuestions@phoenix.edu.
We here at the University of Phoenix look forward to this exciting new chapter and to welcoming the many opportunities that this change in ownership and new affiliation will present for our students and for our institution going forward.