University of Idaho to acquire University of Phoenix for $550m.

University of Idaho, a land-grant, national research university, agreed to acquire University of Phoenix, a university for working adult learners, for $550m. “Higher education across the country is changing. This, together with the impending national enrollment cliff, where smaller class sizes mean fewer traditional students, creates an opportunity for us to innovate. By affiliating with University of Phoenix, a leader in online higher education, we bring together the best of both systems and build on our common desire to educate students,” Scott Green, U of I President.