Aspen University Announces the Distance Education Accrediting Commission has Vacated its Show Cause Directive Effective Immediately
Aspen Group, Inc. (OTCQB: ASPU) announced that the Distance Education Accrediting Commission (DEAC) has vacated its show cause directive for Aspen University, effective July 19, 2024. This decision comes after the Commission determined that Aspen has made substantial progress in demonstrating compliance with DEAC standards. The Commission has requested ongoing updates on the teach-out of Nursing Pre-licensure program students through September 2024 and continued monthly and quarterly reports until January 2025. Additionally, the DEAC noted satisfactory progress in addressing accreditation standards under deferred review for Aspen's application to renew accreditation. The Commission will review additional documentation at its January 2025 meeting.
Aspen Group, Inc. (OTCQB: ASPU) ha annunciato che la Commissione per l'accreditamento dell'istruzione a distanza (DEAC) ha annullato il suo provvedimento di giustificazione per l'Università Aspen, con effetto dal 19 luglio 2024. Questa decisione è stata presa dopo che la Commissione ha stabilito che Aspen ha fatto progressi significativi nel dimostrare la conformità agli standard della DEAC. La Commissione ha richiesto aggiornamenti continui sul programma di insegnamento per studenti di Nursing Pre-licensure fino a settembre 2024 e relazioni mensili e trimestrali fino a gennaio 2025. Inoltre, la DEAC ha notato progressi soddisfacenti nell'affrontare gli standard di accreditamento sotto revisione differita per la domanda di rinnovo accreditamento di Aspen. La Commissione esaminerà ulteriori documenti nella sua riunione di gennaio 2025.
Aspen Group, Inc. (OTCQB: ASPU) anunció que la Comisión de Acreditación de Educación a Distancia (DEAC) ha anulado su directiva de justificación para la Universidad Aspen, con efecto a partir del 19 de julio de 2024. Esta decisión se produce después de que la Comisión determinó que Aspen ha hecho progresos sustanciales en demostrar el cumplimiento con los estándares de la DEAC. La Comisión ha solicitado actualizaciones continuas sobre el programa de enseñanza para estudiantes de Pre-licencia en Enfermería hasta septiembre de 2024 y continuar con informes mensuales y trimestrales hasta enero de 2025. Además, la DEAC señaló progresos satisfactorios en la atención de los estándares de acreditación bajo revisión diferida para la solicitud de renovación de la acreditación de Aspen. La Comisión revisará documentación adicional en su reunión de enero de 2025.
Aspen Group, Inc. (OTCQB: ASPU)는 원거리 교육 인증 위원회(DEAC)가 Aspen University에 대한 내용 증명을 철회했다고 발표했습니다. 이 조치는 DEAC 기준을 준수하는 데 있어 Aspen이 상당한 진전을 이뤘다고 위원회가 판단한 이후에 이루어졌으며, 2024년 7월 19일부터 효력이 발생합니다. 위원회는 2024년 9월까지 간호 과정을 이수하는 학생들에 대한 진행 상황을 지속적으로 업데이트할 것을 요청했으며, 2025년 1월까지 매달 및 분기별 보고서를 계속 제출할 것을 요구했습니다. 또한 DEAC는 Aspen의 인증 갱신 신청에 대해 보류 중인 검토 사항에 대한 만족스러운 진전이 있음을 알렸습니다. 위원회는 2025년 1월 회의에서 추가 문서를 검토할 예정입니다.
Aspen Group, Inc. (OTCQB: ASPU) a annoncé que la Commission d'accréditation de l'éducation à distance (DEAC) a annulé son avis de justification pour l'Université Aspen, à compter du 19 juillet 2024. Cette décision intervient après que la Commission a déterminé qu'Aspen avait réalisé des progrès substantiels dans la démonstration de la conformité aux normes de la DEAC. La Commission a demandé des mises à jour continues sur le programme d'enseignement des étudiants en soins infirmiers pré-obtention de licence jusqu'en septembre 2024 et des rapports mensuels et trimestriels jusqu'en janvier 2025. De plus, la DEAC a noté des progrès satisfaisants dans le respect des normes d'accréditation sous révision différée pour la demande de renouvellement d'accréditation d'Aspen. La Commission examinera des documents supplémentaires lors de sa réunion de janvier 2025.
Aspen Group, Inc. (OTCQB: ASPU) gab bekannt, dass die Distance Education Accrediting Commission (DEAC) ihre Vorladung zur Rechtfertigung für die Aspen University mit Wirkung vom 19. Juli 2024 aufgehoben hat. Diese Entscheidung erfolgte, nachdem die Kommission festgestellt hat, dass Aspen wesentliche Fortschritte bei der Einhaltung der DEAC-Standards gemacht hat. Die Kommission hat fortlaufende Updates zum Verlauf des Nurse Pre-licensure-Programms der Studierenden bis September 2024 angefordert und bis Januar 2025 weiterhin monatliche und vierteljährliche Berichte verlangt. Darüber hinaus bemerkte die DEAC zufriedenstellende Fortschritte bei der Adressierung der Akkreditierungsstandards unter ausstehender Prüfung für Aspens Antrag auf Akkreditierungsverlängerung. Die Kommission wird zusätzliche Unterlagen in ihrer Sitzung im Januar 2025 überprüfen.
- Show cause directive vacated by DEAC, indicating improved compliance
- Substantial progress made in meeting DEAC accreditation standards
- Satisfactory progress in addressing standards under deferred review for accreditation renewal
- Ongoing teach-out of Nursing Pre-licensure program students required
- Continued monthly and quarterly reporting to DEAC through January 2025
- Final accreditation renewal decision deferred to January 2025 meeting
PHOENIX, July 22, 2024 (GLOBE NEWSWIRE) -- Aspen Group, Inc. ("AGI" or the “Company”) (OTCQB: ASPU), an education technology holding company, announced today that on July 19, 2024, the Company received notification from the Distance Education Accrediting Commission (the Commission) regarding its decision to vacate the show cause directive previously issued to Aspen University (“Aspen”) on February 1, 2023.
Upon careful review of the record, the Commission determined that Aspen has made substantial progress toward demonstrating compliance with DEAC standards. Accordingly, the Commission voted to vacate the show cause directive. DEAC requested that Aspen keep the Commission informed on the status of the teach-out of students who are completing the Nursing Pre-licensure program through September 2024 and continue providing monthly and quarterly reports through January 2025.
The Commission also determined that Aspen is making satisfactory progress in addressing the accreditation standards that remain under a deferred review of the institution’s application to renew accreditation. The Commission will proceed to review additional documentation to be submitted by Aspen for consideration at its January 2025 meeting.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including our resumption of growth in Fiscal 2025. The words “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “will,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include the availability of cash to support resumption of marketing, the effectiveness of the marketing, the state of the economy during fiscal 2025 and successful resolution of ongoing regulatory matters.Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
About Aspen Group, Inc.
Aspen Group, Inc. is an education technology holding company that leverages its infrastructure and expertise to allow its two universities, Aspen University and United States University, to deliver on the vision of making college affordable again. For more information, visit www.aspu.com.
Contact Information:
Hayden IR
Kimberly Rogers
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Kim@HaydenIR.com
FAQ
What decision did the Distance Education Accrediting Commission make regarding Aspen University on July 19, 2024?
What ongoing requirements did DEAC set for Aspen University (ASPU) following the vacation of the show cause directive?
When will the Distance Education Accrediting Commission review Aspen University's (ASPU) additional documentation for accreditation renewal?
