The University of Phoenix is one of the most unethical companies in corporate America, and that is saying something considering that ethics and business seem to be mutually incompatible these days. The University of Phoenix is an online university whose programs have been the subject of much ridicule over the past several years as the university has focused almost purely on enrolment numbers rather than educational delivery. This has led to the University of Phoenix being referred to as the McDonald’s of higher education and an internationally horrible reputation.
“In 2009, the U.S. Department of Education provided a preliminary report to the university that cited untimely return of unearned Title IV funds for more than 10 percent of sampled students. The report also expressed a concern that some students enroll and begin attending classes before completely understanding the implications of enrollment, including their eligibility for student financial aid. As a result, in January 2010, its parent company, Apollo Group Inc., was required to post a letter of credit for $125 million by January 30 of the same year” --BusinessWeek