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Dive Brief:
- Faculty at the University of Arizona’s Eller College of Management pushed back on the school’s plans to purchase the for-profit Ashford University at least a month before the deal closed, according to a June letter obtained by Arizona Public Media.
- Six faculty members wrote to school officials and the board of regents calling the deal a “lemon” that would “cause irreparable damage” to U of Arizona’s brand and asked them to call it off.
- The university announced earlier this week that it was creating a new entity that would buy Ashford and pay for it over time by giving the online college’s parent company, Zovio, a cut of tuition revenue.
Dive Insight:
The faculty letter argues that purchasing the for-profit college would hinder U of Arizona’s ability to compete in offering “high-quality” postsecondary online education and that it could hurt its relationships with current and prospective donors and faculty.
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