The University of Phoenix has confirmed that it’s  ready to review its creative account and expects to issue an RFP for national advertising work later this month. Since the end of 2008, the Apollo Group-owned higher learning institution has worked with San Francisco shop Pereira & O’Dell, which beat out the likes of Mullen, Arnold and EVB for UofP’s AOR duties at the time.

We’ve been told by an Apollo/University of Phoenix spokesperson that P&O’D has been invited to participate in the review, though some spies are whispering that the agency will not defend the account. We’ll keep you posted as things develop.