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University Of Idaho Plans To Aquire University Of Phoenix For $550 Million

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University Of Idaho Plans To Aquire University Of Phoenix For $550 Million


The University of Idaho wants to acquire the University of Phoenix and is offering to pay $550 million for the private, for-profit university.

The proposal, which is scheduled to be considered at a special May 18 meeting of the Idaho State Board of Education, which would need to give its approval, comes less than a month after a similar bid by the University of Arkansas (UA) to take over the University of Phoenix was narrowly rejected by UA’s board.

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According to the University of Idaho’s website, which posted a lengthy series of questions and answers about the proposed deal, the University of Idaho would create a new nonprofit corporation that would issue bonds to pay the $550 million for the University of Phoenix’s assets, including its substantial digital education platform and its remaining leases for physical locations.

Ownership of the University of Phoenix, in turn, would contribute about $200 million in cash, providing “adequate working capital” to operate the non-profit University of Phoenix going forward. The complete transaction is expected to be completed by early 2024.

Initially, the University of Phoenix would operate as a separate 501(c)(3) organization affiliated with the University of Idaho. The plan calls for a few of the University of Phoenix’s campuses to remain open at the start, but eventually they would all move to fully online delivery.

In addition, the University of Phoenix’s leadership and staff would be stay in place to run the university, and the Phoenix campus, which houses the administrative offices of the university and offers space for the in-person components of some degree programs, would remain open.

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The University of Idaho explained what it saw as the benefits of the deal this way on its website: “U of I executive leadership has met with University of Phoenix leadership. Our programs are complementary and our goals for serving students are similar. We share a mutual desire to reach first-generation and underserved students. U of I has 52% first-generation students. University of Phoenix has 80%.”

The statement continued, “our student populations are different – U of I focuses primarily on traditional, residential students and University of Phoenix focuses primarily on adult learners who are working. U of I excels at delivering courses in person and University of Phoenix excels at delivering courses online. Together, we can meet the needs of all learners and complement each other.”

Begun in 1976, the University of Phoenix’s peak enrollment was almost 470,000 students in the early 201os, making it the largest university in the U.S at the time and for years the most influential institution in the for-profit higher education sector. Its bread and butter has been to offer online education to nontraditional students, although over the years it has also operated physical campuses in several U.S. cities.

In recent years, however, it has suffered a series of regulatory and legal setbacks that have caused its enrollment to plunge to about 80,000 students and its reputation to suffer significantly in the process.

In 2019, the institution settled a Federal Trade Commission lawsuit over deceptive advertising totaling $191 million. As part of that settlement, the University of Phoenix and Apollo Education Group paid back $50 million in cash to former students, and cancelled $141 million in debts owed to the school.

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As part of the financing, the University of Idaho website indicated that “should the not-for-profit corporation miss payments on debt related to the acquisition, U of I is agreeing to guarantee up to $10 million annually to cover the payment. However, cash modeling has been undertaken and University of Phoenix currently generates approximately $100 million of unrestricted cash flow annually.”

The University of Idaho projected that it will receive $10 million annually in supplemental education funding as part of the deal, but expects “that amount will grow over time.”

As to governance of the University of Phoenix under the new arrangement, the University of Idaho through its Board of Regents would “be the sole member of the new not-for-profit corporation that will operate University of Phoenix after the transaction is consummated. The not-for-profit corporation will be governed by a fiduciary board of trustees. The U of I Board of Regents will appoint the trustees consistent with accreditor expectations regarding an independent board”.

In addition to needing final approval from the Idaho State Board of Education, the deal will also need the blessing of the University of Idaho’s accreditor, the Northwest Commission on Colleges and Universities, and the University of Phoenix’s accreditor, the Higher Learning Commission.



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UPDATE Traffic resumes on I-15 following serious crash Saturday afternoon – East Idaho News

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UPDATE Traffic resumes on I-15 following serious crash Saturday afternoon – East Idaho News


UPDATE

The car crash on I-15 has been cleared, and southbound traffic is back to normal, the Bingham County Sheriff’s Office reports.

ORIGINAL STORY

SHELLEY — A “serious crash” involving multiple vehicles has closed I-15 southbound after the Shelley exit.

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The original crash occurred at mile marker 98 around 3:30 p.m. Saturday, Bingham County Sheriff Jeff Gardner said.

He reports at least one individual was taken by an air ambulance from the scene.

A second crash occurred later when an individual failed to slow down, but that car wreck has been cleared up, Gardner said.

Idaho State Police are currently taking measurements of the crash. Bingham County Sheriff deputies are assisting with traffic congestion.

“They’re (performing) accident reconstructions — taking measurements of the crash — so they can show the details of crash, speed, direction, travel, all that kind of stuff,” Gardner said.

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In the interim, all southbound traffic on I-15 is advised to take Highway 91, travel south to Blackfoot and get back on the freeway on exit 89 (just past Blackfoot) to ease congestion on the interstate which is significantly backed up, Gardner said.

EastIdahoNews.com will update this story as additional information is made available.

A second vehicle involved in the I-15 car wreck. | Courtesy Ben Fuhriman
I-15 crash | Courtesy Ben Fuhriman
Idaho State Police troopers investigating at the scene of the crash. | Courtesy Ben Fuhriman

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Washington on-guard for troublesome mussel found in Idaho • Washington State Standard

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Washington on-guard for troublesome mussel found in Idaho • Washington State Standard


Washington is upping efforts to keep an invasive freshwater mussel from gaining a shell-hold in the state’s rivers and lakes, using tactics ranging from DNA testing to shellfish-sniffing dogs.

Quagga mussels can cause major problems as layers of them crust over components of hydroelectric dams and locks, or clog drinking water or irrigation systems. Fisheries and fish ladders that allow salmon to bypass dams could be disrupted, too. The mussels can also outcompete native species, throw off water quality, and otherwise degrade ecosystems.

They were found last year in Idaho, stoking new worries about their threat to the region.

Washington’s Invasive Species Council cites estimates that it will cost $100 million annually to keep the state’s power and water infrastructure running if quagga mussels or non-native zebra mussels were to invade. That amount doesn’t factor in the cost of harm to habitat or fishing.

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Even taking the potential problems for dams out of the equation, Justin Bush, aquatic invasive species policy coordinator at the state’s Department of Fish and Wildlife, said the mussels would have “a devastating, catastrophic impact to our environment and our economy.”

The Columbia River Basin for years has been the last major U.S. watershed free of the invasive mussels. But last September Idaho officials said they’d detected quagga mussels near Twin Falls in the Snake River, which runs into the Columbia. 

So what’s to be done in Washington? The Department of Fish and Wildlife has some new money to deal with the shellfish. The Legislature approved $1.81 million for the fiscal year that begins July 1 to combat invasive mussels and the Army Corps of Engineers is providing an equal sum, for a total of $3.6 million.

“We’re significantly increasing efforts,” Bush said this week during a meeting of the Invasive Species Council.

Monitoring for quagga mussels

The main way the mussels tend to spread is on recreational boats moved between bodies of water. When grown, they’re 1 to 2 inches and easy to spot but larvae, known as veligers, are microscopic. 

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Fish and Wildlife wants to fully staff watercraft inspection stations, Bush told the council. 

The agency is turning to a variety of techniques to detect mussels in the water. These include measuring calcium levels (the bivalves rely on calcium to build their shells), using a grabber device to pull up and check material from lakebeds, and looking for traces of mussel DNA.

Bush said the department will also add a monitoring crew to three two-person crews it has had.

And he said the department is looking to bring on another mussel-sniffing dog. The dog would join Fin, a canine already doing this work. Puddles, a dog that had been, is retired, Bush said.

Fin, a mussel-sniffing dog, inspects a jetski. (Washington Department of Fish and Wildlife)

More public outreach is also planned to remind people to clean, drain, and dry boats and other gear that’s been in the water and could spread the mussels.

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It’s unclear if Idaho’s attempt last year to kill quagga mussels in the Snake River worked. The $3 million project involved treating a 16-mile stretch of the river with a copper-based chemical to kill the mussels. There was collateral damage as thousands of fish died, too.

Idaho Department of Agriculture Director Chanel Tewalt told state lawmakers that it was the largest operation of its kind ever attempted in the U.S.

Along with zebra mussels, quagga mussels were first documented in the U.S. in the 1980s in the Great Lakes, having made it there in the ballast water of ships. They’ve spread since.

In addition to detection and monitoring, Washington Fish and Wildlife officials are also preparing to respond if the mussels aren’t stopped and become a fixture in state waters.

“We’re planning for the very worst, but we’re hoping that Idaho was successful in eradicating this problem,” said Bush.

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Oregon football history: Ducks to face Idaho Vandals for first time in 20 years

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Oregon football history: Ducks to face Idaho Vandals for first time in 20 years


While the Oregon Ducks haven’t always been a prominent program, the Oregon football team has a very rich and storied history. There have been numerous high profile games and memorable matchups throughout the years. 

But, interestingly enough, one of the Ducks’ longest-standing series is also one of the most lopsided in Oregon football history. It’s also a series that hasn’t had a game played in it in 20 years. That changes in 2024 as the Oregon Ducks football team welcomes the Idaho Vandals to Autzen Stadium in Eugene for the first time since 2004. 

That’s right, one of the Ducks’ longest series is against the Idaho Vandals, a matchup that spans over a century and showcases Oregon’s growth as a program.

The first matchup in the Oregon-Idaho series was back on November 6, 1901 as the two teams struggled to a 0-0 tie. It’d be five years before the two teams met again, but in 1906, Oregon grabbed the first victory in the series, beating Idaho 12-0. 

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Oregon then grabbed 12 more victories before the next tie in the game occurred. Then, in 1924, Idaho grabbed its first win in the series, beating Oregon 13-0. The next year, the Ducks lost again by a score of 6-0. 

It’d be until 1950 that Idaho would actually manage to beat Oregon again. And the Ducks haven’t lost to Idaho since then.

This is a lopsided series and there’s really no foreseeable path to it becoming a competitive one (which is not at all a bad thing for the Oregon football program or Oregon football fans). Oregon should strive to keep winning (by rather large margins) anytime Idaho ends up on the schedule. There’s just too much talent between the two programs for anything else to be okay.



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