Saturday, March 9, 2024

Idaho education board lacks authority for University of Phoenix deal, legal memo says - Natalie Schwartz, Higher Ed Dive

Idaho lawmakers should “request or file appropriate legal action” against the state education board’s plan to acquire the University of Phoenix through a nonprofit corporation affiliated with the University of Idaho, a lawyer for the Legislature wrote in a memo released last week. Last May, the Idaho State Board of Education approved the University of Idaho’s request to form a nonprofit corporation, now called Four Three Education, to acquire the University of Phoenix’s assets for $550 million. But in a 10-page memo, legal counsel Elizabeth Bowen argued that the state’s education board lacks the power to pursue this type of deal.