Well, they are currently under federal investigation.

The Consumerist reports.

University Of Phoenix Stops New Enrollment At 14 Campuses, 10 Learning Centers

The country’s largest for-profit college chain is about to get a bit smaller, as a new report reveals that The University of Phoenix is no longer accepting new enrollments at two dozen campuses and learning centers across the country.

The move to stop new enrollment at the 14 campuses and 10 learning centers is part of a new “market investment strategy” at the University of Phoenix, the Memphis Business Journal reports.

University of Phoenix president Tim Slottow announced the change in a memo this week, saying that an evaluation of all campuses led the company to make the determination it would only invest in 67 campuses in 17 states.

“With this evaluation comes the difficult decision to no longer enroll ground students in 14 designated campuses and a further 10 learning centers…” the memo from Slottow said. “I know that you will all join me in supporting our colleagues as they work through the challenges of teach out and transition.”

Instead of allowing student to enroll for on-campus classes, the school says it will only accept online students in the affected areas from now on. Students currently enrolled at the campuses will be able to continue to take classes until they graduate.