Report: U of Arkansas system may buy University of Phoenix

Image:  The University of Arkansas System is considering a transaction in which it would transform the for-profit University of Phoenix into an independent nonprofit affiliate, spokespeople for both institutions have confirmed. The deal, if it came to pass, would be the latest in a series of absorptions of formerly massive for-profit colleges by public universities, most of which have stirred controversy. “Because these conversations are ongoing, we are unable to provide much detail,”...