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The University of Phoenix (UOPX) is an American for-profit institution of higher learning, headquartered in Phoenix, Arizona, United States. The university has an open-enrollment admission policy, requiring a high-school diploma, GED, or its equivalent as its criterion for admissions. The university has 112 campuses worldwide and confers degrees in over 100 degree programs at the associate, bachelor's, master's and doctoral degree levels. It is a wholly owned subsidiary of Apollo Group Inc., a publicly traded (NASDAQ: APOL) Phoenix-based corporation that owns several for-profit educational institutions. The University of Phoenix attained a peak enrollment of almost 600,000 students in 2010, but its numbers have declined to 227,000 as of 2015. The enrollment drop (and more than 100 campus closings) have been attributed to operational changes amid criticism of high debt loads and low job prospects for university students.