John Sperling
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John Sperling
John Glen Sperling (January 9, 1921 – August 22, 2014) was an American billionaire businessman who is credited with having led the contemporary for-profit education movement in the United States The fortune he amassed was based on his founding of the for-profit University of Phoenix for working adults in 1976, which became part of the publicly traded Apollo Group. Sperling brought the business model of higher education to the forefront, a model that employed the scientific management of higher education to the forefront: diminishing the power and importance of labor, increasing the importance of technology, marketing and advertising, and as University of Phoenix cofounder John D. Murphy explained, maximizing profit. For ventures ranging from pet cloning to green energy, he has widely been described as an "eccentric" self-made man by ''The Washington Post'' and other media. Early life and education Sperling was born to a poor sharecropper family in the Missouri Ozarks. His fath ...
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For-profit Education
For-profit education (also known as the education services industry or proprietary education) refers to educational institutions operated by private, profit-seeking businesses. For-profit education is common in many parts of the world, making up more than 70% of the higher education sector in Malaysia, Japan, South Korea, Indonesia and the Philippines. Australia In 2011, Australia had over 170 for-profit higher education institutions, taking in 6% of the total student population and expected to increase to 20% by 2020. Their qualifications are legally equivalent to those issued by the public universities, but there have been concerns raised by external audits about the quality assurance and standards in for-profit colleges. There are also concerns over the low representation of Indigenous students, students from low socio-economic status backgrounds and students from non-English speaking backgrounds in for-profit colleges, which falls behind that in public universities. How ...
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King's College, Cambridge
King's College is a constituent college of the University of Cambridge. Formally The King's College of Our Lady and Saint Nicholas in Cambridge, the college lies beside the River Cam and faces out onto King's Parade in the centre of the city. King's was founded in 1441 by King Henry VI soon after he had founded its sister institution at Eton College. Initially, King's accepted only students from Eton College. However, the king's plans for King's College were disrupted by the Wars of the Roses and the resultant scarcity of funds, and then his eventual deposition. Little progress was made on the project until 1508, when King Henry VII began to take an interest in the college, probably as a political move to legitimise his new position. The building of the college's chapel, begun in 1446, was finished in 1544 during the reign of Henry VIII. King's College Chapel is regarded as one of the finest examples of late English Gothic architecture. It has the world's largest fan vaul ...
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Carlyle Group
The Carlyle Group is a multinational private equity, alternative asset management and financial services corporation based in the United States with $376 billion of assets under management. It specializes in private equity, real assets, and private credit. It is one of the largest mega-funds in the world. In 2015, Carlyle was the world's largest private equity firm by capital raised over the previous five years, according to the PEI 300 index, though by 2020, it had slipped into second place. Founded in 1987 in Washington, D.C., by William E. Conway Jr., Stephen L. Norris, David Rubenstein, Daniel A. D'Aniello and Greg Rosenbaum, the company has nearly 1,850 employees in 26 offices on six continents . On May 3, 2012, Carlyle completed a million initial public offering and began trading on the NASDAQ stock exchange. History Founding and early history Carlyle was founded in 1987 as an investment banking boutique by five partners with backgrounds in finance and government: ...
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BPP University
BPP University is a private university in the United Kingdom. History Name The university takes its name from the founders Alan Brierley, Richard Price and Charles Prior, who in 1975 set up Brierley Price Prior to train accountancy students. University status BPP was first granted degree-awarding powers in 2007, and degree-awarding powers for an indefinite time period in 2020. On 8 August 2013, BPP University College of Professional Studies was granted the title of university and rebranded as BPP University. That November, BPP was awarded the EducationInvestor magazine's "Higher/Professional Education Provider of the Year 2013" title. The August 2013 granting of university status to BPP was criticised by the University and College Union in an open letter. During the previous March, the union had written to then UK Business Secretary Vince Cable, urging him to suspend BPP's application for university title, pending an investigation into its relationship with its parent compan ...
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Private University
Private universities and private colleges are institutions of higher education, not operated, owned, or institutionally funded by governments. They may (and often do) receive from governments tax breaks, public student loans, and grant (money), grants. Depending on their location, private universities may be subject to government regulation. Private universities may be contrasted with public university, public universities and national university, national universities. Many private universities are nonprofit organizations. Africa Egypt Egypt currently has 20 public universities (with about two million students) and 23 private universities (60,000 students). Egypt has many private universities, including The American University in Cairo, the German University in Cairo, the British University in Egypt, the Arab Academy for Science, Technology and Maritime Transport, Misr University for Science and Technology, Misr International University, Future University in Egypt and ...
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Olympus High School
Olympus High School is a public high school in the Granite School District in Holladay, Utah, a suburb of Salt Lake City. Description The school opened on September 1, 1953, with an original enrollment of 1028 students. In the fall of 1960, the largest entering sophomore class (the graduating class of 1963) in Utah's history (an estimated 935) enrolled. Two years later the overcrowding was reduced when the new Skyline High was completed. In April 2013, the new Olympus High School building was opened for classes adjacent to the original school. The original building was torn down after 60 years of operation. Throughout its history, Olympus has been one of the leading academic public high schools in the state. In 1961 its orchestral and vocal music program was recognized as one of the nation's finest by the Ford Foundation, which funded a composer-in-residence for the school, an award shared with schools throughout the Granite School district. Football Historic rivalry Con ...
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Insight Schools
Insight is the understanding of a specific cause and effect within a particular context. The term insight can have several related meanings: *a piece of information *the act or result of understanding the inner nature of things or of seeing intuitively (called noesis in Greek) *an introspection *the power of acute observation and deduction, discernment, and perception, called intellection or noesis *An understanding of cause and effect based on the identification of relationships and behaviors within a model, context, or scenario (see artificial intelligence) An insight that manifests itself suddenly, such as understanding how to solve a difficult problem, is sometimes called by the German word '' Aha-Erlebnis''. The term was coined by the German psychologist and theoretical linguist Karl Bühler. It is also known as an epiphany, eureka moment or (for cross word solvers) the penny dropping moment (PDM). Sudden sickening realisations often identify a problem rather than solving it, ...
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Institute For Professional Development
An institute is an organisational body created for a certain purpose. They are often research organisations (research institutes) created to do research on specific topics, or can also be a professional body. In some countries, institutes can be part of a university or other institutions of higher education, either as a group of departments or an autonomous educational institution without a traditional university status such as a "university institute" (see Institute of Technology). In some countries, such as South Korea and India, private schools are sometimes referred to as institutes, and in Spain, secondary schools are referred to as institutes. Historically, in some countries institutes were educational units imparting vocational training and often incorporating libraries, also known as mechanics' institutes. The word "institute" comes from a Latin word ''institutum'' meaning "facility" or "habit"; from ''instituere'' meaning "build", "create", "raise" or "educate". ...
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Axia College
University of Phoenix (UoPX) is a private for-profit university headquartered in Phoenix, Arizona. Founded in 1976, the university confers certificates and degrees at the certificate, associate, bachelor's, master's, and doctoral degree levels. It is institutionally accredited by the Higher Learning Commission and has an open enrollment admissions policy for many undergraduate programs. The school is owned by Apollo Global Management, an American private-equity firm. History Foundation and rapid growth (1970s - 2000s) University of Phoenix was founded in 1976 by John Sperling and John D. Murphy. In 1980, it expanded to San Jose, California, and launched its online program in 1989. Much of UoPX's revenue came from employers who were subsidizing the higher education of their managers. Academic labor underwent a process of unbundling, in which "various components of the traditional faculty role (e.g., curriculum design) are divided among different entities, while others (e.g., r ...
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Western International University
Apollo Education Group, Inc. is an American corporation based in the South Phoenix area of Phoenix, Arizona, with an additional corporate office in Chicago, Illinois. The company owns and operates several higher-learning institutions, including the University of Phoenix, BPP Holdings in the United Kingdom, University for the Arts, Sciences, and Communication in Santiago, Chile, and Universidad Latinoamericana in Mexico. On May 8, 2016, the company announced its sale to a group of private investors for $1.14 billion, effectively going private. On February 1, 2017, Apollo Education Group Inc announced the completion of its acquisition by a consortium of investors including The Vistria Group, LLC and funds affiliated with Apollo Global Management, LLC. History Founding Apollo Education Group, Inc. was founded in 1973 by John Sperling and John D. Murphy. Apollo Group as a Publicly Traded Corporation (1994–2016) Corporate revenues for the year ending August 31, 2005 were $2.25 ...
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Apollo Global Management
Apollo Global Management, Inc. is an American global private-equity firm. It provides investment management and invests in credit, private equity, and real assets. As of March 31, 2022, the company had $512 billion of assets under management, including $372 billion invested in credit, including mezzanine capital, hedge funds, non-performing loans, and collateralized loan obligations, $80.7 billion invested in private equity, and $46.2 billion invested in real assets, which includes real estate and infrastructure. The company invests money on behalf of pension funds, financial endowments, and sovereign wealth funds, as well as other institutional and individual investors. Since inception in 1990, private-equity funds managed by Apollo have produced a 24% internal rate of return (IRR) to investors, net of fees. Apollo was founded in 1990 by Leon Black, Josh Harris, and Marc Rowan. Apollo is headquartered in the Solow Building at 9 West 57th Street in New York City, with off ...
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Phoenix, Arizona
Phoenix ( ; nv, Hoozdo; es, Fénix or , yuf-x-wal, Banyà:nyuwá) is the List of capitals in the United States, capital and List of cities and towns in Arizona#List of cities and towns, most populous city of the U.S. state of Arizona, with 1,608,139 residents as of 2020. It is the List of United States cities by population, fifth-most populous city in the United States, and the only U.S. state capital with a population of more than one million residents. Phoenix is the anchor of the Phoenix metropolitan area, also known as the Valley of the Sun, which in turn is part of the Salt River Valley. The metropolitan area is the 11th largest by population in the United States, with approximately 4.85 million people . Phoenix, the seat of Maricopa County, Arizona, Maricopa County, has the largest area of all cities in Arizona, with an area of , and is also the List of United States cities by area, 11th largest city by area in the United States. It is the largest metropolitan area, bo ...
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