University of Phoenix on the RiseJuly 18, 2017 | :
by David Staley
It has been a rough couple of years for the University of Phoenix.
The upstart college founded in the 1970s by John Sperling aimed to provide higher education aimed specifically at working adults. In the late early 2000s, the University of Phoenix expanded its offerings to more directly compete with traditional higher education institutions, offering masters and PhD degrees, for example, all the while continuing to cater to working adults.