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Univ. of Phoenix announces plans to shut down campuses across U.S.

8:43 PM, Oct 18, 2012   |    comments
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The University of Phoenix has announced plans to shut down 115 of its locations across the U.S. and it appears the Knoxville campus will be affected.

Ninety learning resource centers and 25 campuses will close around the nation.

The company that owns the school, Apollo Group, says it's all part of a plan to cut $300 million in operating costs by 2014. About 800 employees will lose their jobs.

The changes will directly affect about 13,000 students. They'll be encouraged to continue their studies online or at other locations.

The website for the Knoxville campus says it is no longer offering on-campus instruction to new students, but current students can keep taking classes there.

We were not able to reach officials there to ask whether anyone locally will lose their jobs.