{"schema_version":"secwatch.filing_event.v1","accession":"0001553350-23-000093","form_type":"8-K","ticker":"ASPU","cik":"0001487198","company_name":"ASPEN GROUP, INC.","filed_at":"2023-02-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.203208+00:00","generated_at":"2026-06-19T20:04:51.089942+00:00","sec_items":["8.01","9.01"],"event_type":"regulatory","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Aspen University placed on Heightened Cash Management 2 by DOE, delaying federal aid reimbursements","bullets":["DOE placed Aspen University subsidiary on HCM2 effective Feb 7, 2023, citing Show Cause Directive from accreditor.","Under HCM2, Aspen must use own funds for student disbursements and submit reimbursement requests to DOE.","First DOE reimbursement estimated late March 2023; subsequent requests every 30 days.","Delays possible if DOE findings on reimbursement files; no immediate financial impact quantified."],"urls":{"canonical":"https://secwatch.observer/filing/0001553350-23-000093","json":"https://secwatch.observer/filing/0001553350-23-000093.json","markdown":"https://secwatch.observer/filing/0001553350-23-000093.md","text":"https://secwatch.observer/filing/0001553350-23-000093.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1487198/000155335023000093/0001553350-23-000093-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1487198/000155335023000093/aspu_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T20:04:51.089942+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}