University of Phoenix is sucking the money out of the government by taking advantage of the American people stupidity. University of Phoenix has the lowest retention rate of freshmen, only 7% moving on to the next year. University of Phoenix has only 27% graduation rate and over 18% default rate. Having worked for one of the top 3 US banks in the student loan industry I have witnessed the scam tactics they use to get students and I have talked to those students who were defaulting and were unemp