secwatch.observer — SEC 8-K summary
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Issuer:     ASPEN GROUP, INC. (ASPU)
CIK:        0001487198
Form:       8-K/A
Filed at:   2022-02-16T23:59:59+00:00
Accession:  0001553350-22-000165
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Aspen University halts new enrollments at Phoenix campuses after NCLEX pass rate falls to 58%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1487198/000155335022000165/0001553350-22-000165-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1487198/000155335022000165/aspu_8k.htm
  HTML page:      https://secwatch.observer/filing/0001553350-22-000165

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer