FORT COLLINS - The University of Phoenix said it would "phase out" 115 of its locations nationwide, including one located in Front Range Village in Fort Collins.

Apollo Group Inc., owner of the University of Phoenix, told the Phoenix Business Journal that it will eventually close the locations with the expectation of saving about $300 million.

In the process, about 800 jobs will be eliminated. It is not yet known how many jobs will be lost at the Fort Collins location.

Most University of Phoenix students take their classes online, meaning that brick-and-mortar campuses are not in demand. The university has also experienced enrollment declines.

The Fort Collins location is a smaller "learning center," rather than a main campus. Other Colorado locations that will close are the learning centers in Centennial and Aurora, a student resource center in Pueblo, and a campus in Colorado Springs.

After the closures are complete, 112 locations will remain, including those in Lone Tree and Westminster, as well as a second location in Colorado Springs.

A specific timeline for the "phase out" is not yet known, but the university has said that students at the affected facilities that want to be taught in a brick-and-mortar setting will be accommodated until they graduate.