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The inability to meet campus enrollment requirements was a key factor in the Ashford University Board of Trustees' decision to call for the campus closure. [citation needed] In 2017, Ashford University school faced the potential loss of GI Bill funding [28] [29] as enrollment decreased more than 50 percent from its peak in 2011.
Under the terms of the alliance, Ashford's College of Business & Professional studies was renamed as the Forbes School of Business. [3] Students of the college gained free premium access to Forbes online content and Ashford's Distinguished Lecturer Series, where Steve Forbes and MBA Program Chair Diane Hamilton made frequent appearances. [4]
Zovio, formerly Bridgepoint Education, Inc. (BPI), was a publicly held, American for-profit education services company. It was the online program manager for one online university, the University of Arizona Global Campus (formerly Ashford University), until the contract termination was announced August 1, 2022.
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The Biden administration is canceling $72 million in student loans for 2,300 borrowers who say they were cheated by Ashford University, a former for-profit college that was purchased by the ...
The approval covers more than 2,300 student borrowers who attended the college between March 2009 and April 2020.
The committee found that $32 billion in federal funds were spent in 2009–2010 on for-profit colleges. The majority of students left without a degree and carried post-schooling debt. The report said 54% of students in bachelor's degree programs dropped out before degree completion and 63% of students in associate degree programs dropped out. [33]
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