Online Program Manager for University of Arizona Global Campus Facing Financial Collapse
Higher Education Inquirer
MARCH 25, 2022
Zovio (ZVO) , the for-profit online program manager for University of Arizona Global Campus (UAGC)*, is facing a financial collapse. With three consecutive years of financial losses, Zovio (formerly known as Bridgepoint Education) lost a record $61 million in 2020. Over the trailing 12 months (ttm) the company has lost $76 million. Cash assets have decreased from $357 million in 2016 to $33 million in 2021.
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