Canadian clone of university of Phoenix closes

[ham]

Well, that was fast. Barely more than two years since opening it, the Apollo Group Inc. is folding Meritus University after finding that the Canada-based online cousin of the University of Phoenix was a flop with students. “Despite our best efforts, we have concluded that there is a high risk that enrollment will continue to be insufficient to sustain the required quality academic and student-service infrastructure we and our students demand,” the company said in statement. Since opening, in the fall of 2008, Meritus has drawn only 722 students, and only 590 of them earned any credits. Students enrolled from now until the last class, on March 14, are already being advised of their transfer options, a company official said.

http://chronicle.com/blogs/ticker/apollo...us-u/30007

[Martin Eisenstadt]

Well, that was fast. Barely more than two years since opening it, the Apollo Group Inc. is folding Meritus University after finding that the Canada-based online cousin of the University of Phoenix was a flop with students.

Something to do with Canadians not being dumb enough to pay above-average prices for below-average products? Or were they just worried that Phoenix was so hot they wouldn't be able to keep the beer cold?