regulatory
confidence high
sentiment negative
materiality 0.80
Aspen University issued Show Cause Directive by DEAC; accreditation at risk
ASPEN GROUP, INC.
- DEAC requires Aspen to prove why accreditation should not be withdrawn within a show cause period.
- Special visit by DEAC evaluators scheduled; Aspen must submit information by Feb 16, 2023.
- Concerns cited include curricula, student achievement, reputation, operations, and notifications.
- Aspen remains fully accredited during the show cause period and will comply with DEAC oversight.
- Company believes oversight will demonstrate compliance with accreditation standards.