regulatory
confidence high
sentiment negative
materiality 0.80
Aspen University halts new enrollments at Phoenix campuses after NCLEX pass rate falls to 58%
ASPEN GROUP, INC.
- 2021 NCLEX-RN first-time pass rate was 58%, below Arizona Board's 80% minimum, triggering proposed probation.
- Aspen University immediately stopped new enrollments at main Phoenix and HonorHealth campuses; Feb cohorts canceled.
- Previous 8-K erroneously reported only Q4 pass rates; correction shows full-year 2021 rate of 58%.
- Q1 2022 pass rate through Feb 10 improved to 85%; company hopes Arizona Board recognizes progress.