Bridgepoint Education’s Ashford University Could Lose Accreditation

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Bridgepoint Education's  (NYSE: BPI  ) Ashford University has received some good news ... and some bad news. Under purview of The Board of Trustees of the Higher Learning Commission of the North Central Association of Schools and Colleges (HLC), Ashford University remains accredited, but may soon lose it. 

In a letter dated February 27, 2013, the HLC noted that Ashford University has not created a "substantial presence" in the HLC region -- which may be reason enough for the Commission to strip the college of its accreditation.

However, HLC recognized that Ashford is actively engaged in addressing accreditation concerns. The University has already filed a plan to ensure compliance by July 10, 2013, the date of the University's interim jurisdiction report. Moreover, the University is engaged in seeking accreditation from the Western Association of Colleges and Schools for Senior Colleges and Universities (WASC).

HLC noted several other accreditation concerns that will require Ashford to submit additional written reports, evaluations, and site visits throughout the remainder of 2013.

In Bridgepoint's press release, the company assures that Ashford University has listened to HLC and WASC feedback, and is accelerating improvements to pursue accreditation.

Read/Post Comments (2) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On March 01, 2013, at 1:43 AM, asanr1247 wrote:

    There was really no need to sensationalize this article with a misleading headline. Ashford in the last year already had a chance to lose its accreditation. The decision by HLC to essentially put Ashford on probation for a year is good news because it gives Ashford one more year to sort out its issues with HLC and WASC. They've already made a lot of progress and there's no doubt they will do all that it takes to retain accreditation with HLC and get accreditation with WASC. The phrase "may soon lose it" used in the article is in contrast with the fact that they have till Feb. 2014 to get their act together. There's no need to use a phrase like "may soon lose it" to get people to read the article. This decision is bullish for BPI.

  • Report this Comment On March 01, 2013, at 12:19 PM, johnnycap wrote:

    The previous comment is correct that this is indeed good news but it should also be clarified that they were not put on probation. They were put on notice which is a large step below probation (probation has far greater legal ramifications). In addition HLC has given them time for substantial presence because they know it is an easy task to accomplish and ultimately Ashford is seeking WASC first and foremost

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