Ashford University not to appeal WASC's denial of accreditation

Sept 28 Fri Sep 28, 2012 4:53pm EDT

Sept 28 (Reuters) - For-profit education company Bridgepoint Education Inc said its Ashford University will withdraw its appeal against the decision of Western Association of Schools and Colleges (WASC) to deny it accreditation.

Ashford University was denied accreditation to WASC in July, prompting another agency - the Higher Learning Commission - to review its accreditation to the for-profit college.

Ashford University said it expects to re-apply for accreditation by Oct. 11.

Ashford University cut 450 jobs dealing solely with admissions and re-assigned another 200 admissions personnel to the student services department earlier this month after the WASC said the college spends more money on recruiting students than on teaching them.

Loss of accreditation can deny the college access to federal student aid, which makes up for most of its parent company's revenue.

Shares of San Diego, California-based Bridgepoint Education closed at $10.15 on the New York Stock Exchange on Friday.

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Comments (1)
Jill5888788 wrote:
Ashford University Layoffs. If you were laid off, dismissed, eliminated, or asked to end your relationship with Ashford in the past 60-90 days, the definition of that is Laid Off. Ashford does not like to use that term, but the Labor Dept. does. Before you sign the 2 week severance package, check out the Cal-Warn Act, which may obligate the employer to pay up to 60 days severance pay. If there is a mass layoff within a 30 day period of more than 50 people, you may be eligible. They still may be trying to stick it to you.

Sep 28, 2012 12:10am EDT  --  Report as abuse
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