On Thursday the for-profit University of Phoenix released its third annual report on its students and how well they perform. According to the company’s report:

The completion rates for the University show a slight decline from the rates shown in the 2009 Academic Annual Report in the percentage of students graduating in 150 percent of the traditional time to degree completion. The University believes that most of these changes arise from difficulties associated with current economic conditions. However, the University’s orientation program announced in the 2009 Academic Annual Report may
help mitigate future declines by giving students the opportunity to better understand the
demands of a college education, and if needed, self-select out prior to enrolling at the

The associate degree completion rate at Phoenix was 23 percent. The bachelor’s degree completion rate was 34 percent.

The report did not discuss the debt levels of Phoenix students. [Image via]

Daniel Luzer

Daniel Luzer is the news editor at Governing Magazine and former web editor of the Washington Monthly. Find him on Twitter: @Daniel_Luzer