U. of Phoenix Agrees to Pay $6-Million to Settle U.S. Inquiry Into Student Aid

The University of Phoenix has agreed to pay the Education Department $6-million to resolve charges that the institution gave federal financial aid to ineligible students. The department's inspector general had sought more than $55-million in fines against the for-profit university.

In the agreement, reached with the department this month, the university acknowledged no guilt or errors, said Todd Nelson, president of the Apollo Group, Phoenix's parent company. In an interview, he called