- Bridgepoint Education Inc. received notice that its for-profit, Iowa-based Ashford University has been denied accreditation by the Western Association of Schools and Colleges' Accrediting Commission for Senior Colleges, but an appeal is planned.
- Ashford is accredited through 2014-15 by the Higher Learning Commission of the North Central Association of Schools and Colleges, but sought WASC accreditation after migrating many resources into the new region.
- Bridgeport stock is down 21% over the last 12 months, according to a Wall Street Journal report.
From the article:
Bridgepoint Education Inc. (BPI), the parent of Ashford University and University of the Rockies, said it received notice that Ashford's application for initial accreditation has been denied by the Accrediting Commission for Senior Colleges and Universities of the Western Association of Schools and Colleges.
Bridgepoint's shares were down 27% to $15.70 in recent premarket trading. The stock is down 21% over the last 12 months. ...