DEPARTMENT OF EDUCATION SELECTS UNIVERSITY OF PHOENIX TO PARTICIPATE IN DISTANCE EDUCATION DEMONSTRATION PROGRAM.(Government Activity)

Federal Computer Market Report, July, 2001

Apollo Group Inc. (Nasdaq: APOL) (Nasdaq: UOPX) recently announced that its subsidiary, the University of Phoenix, has been selected to participate in the Department of Education's Distance Education Demonstration Program.

Selection to participate in this program is an exciting opportunity for the University of Phoenix to demonstrate effective distance education delivery mechanisms and help the Department of Education develop more realistic and creative ways to administer Title IV student financial aid programs to distance learning students.

The Distance Education Demonstration Program was established to help the Department of Education determine how Title IV regulations should be changed to reflect today's technology environment. Congress authorized...

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