The University of Phoenix is a for-profit university, founded in 1976 by John Sperling, that specializes in adult education. Headquartered in Phoenix, Arizona, it has campuses throughout the United States, Canada, Mexico, Netherlands and Puerto Rico. The university's approach differs from that of traditional universities; for example, its stock is publicly traded. This and a number of other universities are owned by the Apollo Group .
The University has been accredited by the North Central Association of Colleges and Schools since 1978. It is currently the world's largest private university, with over 100,000 students in its online programs.
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