Friday, August 13, 2010

“Bridgepoint Education's Ashford University Receives IACBE Accreditation for Nineteen Degree Programs in Its College of ...” plus 1 more

“Bridgepoint Education's Ashford University Receives IACBE Accreditation for Nineteen Degree Programs in Its College of ...” plus 1 more


Bridgepoint Education's Ashford University Receives IACBE Accreditation for Nineteen Degree Programs in Its College of ...

Posted: 13 Aug 2010 03:00 AM PDT

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Press Release Source: Bridgepoint Education, Inc. On Friday August 13, 2010, 6:00 am EDT

SAN DIEGO, Aug. 13 /PRNewswire-FirstCall/ -- Bridgepoint Education, Inc. (NYSE:BPI - News), a provider of post-secondary education services focused on providing higher access to higher education, announced today that Ashford University has earned accreditation from the International Assembly for Collegiate Business Education (IACBE) for 19 of the degree programs offered at the school's College of Business and Professional Studies. Accreditation for all 19 majors has been granted for seven years, the maximum length for which the IACBE bestows accreditation.

The degree programs that received IACBE accreditation are the Master of Arts in Organizational Management, Master of Business Administration, Master of Public Administration, Bachelor of Applied Science in Accounting, Bachelor of Applied Science in Management, Bachelor of Arts in Accounting, Bachelor of Arts in Business Administration, Bachelor of Arts in Business Economics, Bachelor of Arts in Business Information Systems, Bachelor of Arts in Entrepreneurship, Bachelor of Arts in Human Resources Management, Bachelor of Arts in International Business, Bachelor of Arts in Operations Management and Analysis, Bachelor of Arts in Organizational Management, Bachelor of Arts in Professional Accounting, Bachelor of Arts in Public Administration, Bachelor of Arts in Public Relations and Marketing, Bachelor of Arts in Sports and Recreation Management and Associate of Arts in Business.

"Accreditation from a respected outside agency such as the IACBE is important to Ashford because it provides our students with additional confidence that they are receiving a high-quality education that will prepare them for the business world once they graduate," said Jane McAuliffe, Ashford University president and chief executive officer. "This accreditation is a testament to the faculty and staff who have worked diligently to create strong programs in our College of Business and Professional Studies."

The IACBE is a highly respected professional accreditor for business programs in student-centered colleges and universities throughout the world. Accreditation from the IACBE provides external assurance of quality in an institution's business programs and ensures that its academic business unit exhibits the characteristics of excellence in business education.

As the Ashford College of Business and Professional Studies adds additional programs to its extensive list of degree offerings, it will seek IACBE accreditation for those programs as well.

About Bridgepoint Education

Bridgepoint Education's postsecondary education services focus on offering associate's, bachelor's, master's and doctoral programs in such disciplines as business, education, psychology, social sciences and health sciences. Bridgepoint Education's regionally accredited academic institutions – Ashford University and University of the Rockies – deliver their programs online as well as at traditional campuses located in Clinton, Iowa, and Colorado Springs, Colorado. For more information about Bridgepoint Education, visit www.bridgepointeducation.com or call Shari Rodriguez, associate vice president of Public Relations at 858.668.2580.

About Ashford University

Founded in 1918, Ashford University is accredited by the Higher Learning Commission of the North Central Association of Colleges and Schools (www.ncahlc.org). The University offers graduate and undergraduate degree programs online and at its Clinton, Iowa, campus. The University is known for its high quality yet highly affordable online and on-campus programs. For more information, please visit www.ashford.edu or call Shari Rodriguez, associate vice president of Public Relations, at 858.513.9240 x2513.

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Education Department to Step Up For-Profit College Enforcement

Posted: 13 Aug 2010 09:20 AM PDT

August 13, 2010, 5:26 PM EDT

By John Lauerman and John Hechinger

(Updates with release of Education Department data in second paragraph.)

Aug. 13 (Bloomberg) -- Education Secretary Arne Duncan will step up oversight of federal student financial-aid programs after an undercover government investigation found deceptive marketing practices at 15 for-profit colleges.

Apollo Group Inc., ITT Educational Services Inc. and Career Education Corp. have fallen in U.S. markets as Harkin has held hearings on sales practices at for-profit colleges and their reliance on federal student grants and loans. The Education Department will hire more than 60 investigators and increase the number of program reviews by 50 percent after the inquiry by the Government Accountability Office, Duncan said in the letter, which was confirmed by the department.

"The unethical and potentially illegal practices uncovered by GAO are unacceptable," Duncan said. "We have a responsibility to ensure that students can make informed choices about investing in postsecondary education, and that taxpayers' investments in the federal student-aid programs are helping students."

Stocks Fall

Apollo Group, the Phoenix-based operator of the University of Phoenix, fell $1.53, or 3.8 percent, to $38.94 at 4 p.m. New York time in Nasdaq Stock Market composite trading. Career Education fell 80 cents, or 4.1 percent, to $18.79. ITT Educational fell $4.97, or 7.2 percent, to $64.33 in New York Stock Exchange composite trading. An index of 12 education stocks fell 5.1 percent and has dropped 27 percent in the past six months.

The Education Department's Inspector General will review the GAO's findings and potentially refer individuals for criminal prosecution, Duncan's letter said. The department is also considering enforcement action against schools that could result either in the return of federal money or the loss of a college's eligibility for federal financial aid, according to the letter.

The industry welcomes additional Education Department scrutiny, Harris Miller, president of the Washington-based Career College Association, said in a telephone interview.

"We look forward to working with the department," said Miller, whose group represents more than 1,400 for-profit colleges. "We're not supportive -- and we've never been supportive -- of schools or employees violating the law or accreditation requirements."

The University of Phoenix supports "robust student protections," Manny Rivera, an Apollo Group spokesman, said in an email.

Career Education, based in Hoffman Estates, Illinois, said any review should focus broadly on all kinds of colleges, spokesman Jeff Leshay said in a telephone interview. Lauren Littlefield, a spokeswoman for Carmel, Indiana-based ITT Educational didn't return a call seeking comment.

--Editors: Brad Skillman, Larry Edelman

To contact the reporters on this story: John Lauerman in Boston at jlauerman@bloomberg.net; John Hechinger in Boston at jhechinger@bloomberg.net.

To contact the editor responsible for this story: Jonathan Kaufman at jkaufman17@bloomberg.net.

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