The University of Phoenix (UPX, UOPX) is a for-profit institution of higher learning. It is a wholly owned subsidiary of Apollo Group Inc. which is publicly traded (NASDAQ: APOL), an S&P 500 corporation based in Phoenix, Arizona.With a student body in North America second only to the State University of New York, it has a current enrollment of 420,700 undergraduate students and 78,000 graduate students, or 224,880 full-time equivalent students.The university has more than 200 campuses worldwide and confers degrees in over 100 degree programs at the associate's, bachelor's, master's and doctoral levels.University of Phoenix has an open enrollment admission policy other than requiring a high-school diploma, GED, or its equivalent.[5] The school also provides associate's or bachelor's degree applicants opportunity for advanced placement through its Prior Learning Assessment, which, aside from previous coursework, college credit can come from experiential learning essays, corporate training, and certificates or licenses.