Aspen U. President Quits. Stock at .16 cents, still no word on accreditation renewal.

Discussion in 'General Distance Learning Discussions' started by Ed Edwards, Mar 7, 2014.

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  1. Ed Edwards

    Ed Edwards Member

  2. Ed Edwards

    Ed Edwards Member

    BTW here is a link to the new lady in a video talking about Grand Canyon, although it looks like it was recorded during an earthquake..
     
  3. Delta

    Delta Active Member

    The key word being "imagine"! First of all, the link you provided said the president "retired" not "quit"! It also didn't mention anything about accreditation issues.
     
  4. Ed Edwards

    Ed Edwards Member

    'retire' means to stop working for the rest of ones life. 'quit' is to voluntarily leave a job usually to seek employment elsewhere. you really want to bet which one this is?
     
    Last edited by a moderator: Mar 7, 2014
  5. SteveFoerster

    SteveFoerster Resident Gadfly

    I'm just he really just wants to spend more time with his family. :wink:
     
  6. Delta

    Delta Active Member

    My point is that you are speculating! Do you have factual information that Aspen's accreditation is in jeopardy as you suggest other than a stock price or a retirement?
     
  7. Ed Edwards

    Ed Edwards Member

    All I know is that they were listed for re-accreditation consideration at the Jan meeting and when the minutes came out there was no mention of them what-so-ever. The DETC website says their accreditation expired in Jan, but does not say that it has been renewed or revoked.

    A reasonable observation when now the president quits and the stock price has crashed two thousand one hundred and eighty eight percent is that SOMETHING is going on..
     
  8. Delta

    Delta Active Member

    Mr. Ed Edwards,

    The reason I am concerned about your speculations is because it affects the decision making process of those interested in attending said schools. The fact is that Aspen is currently accredited by DETC! I was seriously considering enrolling in the school and now have doubts. Once again, do you have facts about them going to lose accreditation or do you retract your statement?
     
  9. Ed Edwards

    Ed Edwards Member

    What is it you believe I have stated that is incorrect that needs retracting? Surely not musings from my imagination! Tell you what. I retract it all! Everything I have ever posted on degreeinfo is incorrect and I retract it all from public considerations. Does that help?
     
  10. Delta

    Delta Active Member

    I think we can agree that factual information is important when discussing legitimate higher education. It's a disturbing trend to notice DETC accredited schools and other accredited schools losing accreditation! Education is costly in terms of money, effort, time and other investments. People on this forum look for factual advice and counsel in seeking a valid pathway to obtaining a bona fide degree.

    You are suggesting that the President of Aspen University "is jumping ship before bad news comes out and he was at the helm when a school lost accreditation."
     
    Last edited by a moderator: Mar 7, 2014
  11. CalDog

    CalDog New Member

    Here are some factual statements for consideration:

    Aspen's DETC accreditation was due for renewal in January 2014. You can confirm this fact by looking up Aspen's webpage at detc.org. There is no direct link to this page, you will have to click "Search Institutions" box and enter "Aspen".

    Aspen was listed by DETC as one of the "Institutions to be Considered at the January 2014 Accrediting Commission Meeting". You can confirm this fact here.

    DETC recently announced the results of the January 2014 Accrediting Commission Meeting. Many of the schools under consideration received re-accreditation. However, there was no mention of Aspen University. You can confirm this fact here.

    What does this mean? It's not clear. As outsiders, all we know is that:

    - Aspen's DETC accreditation was due for renewal in January 2014, and
    - DETC has still not announced either the renewal or the withdrawal of that accreditation.

    This is not a secret. For example, the Wikipedia page on Aspen currently states:

     
    Last edited by a moderator: Mar 7, 2014
  12. Ed Edwards

    Ed Edwards Member

    To my knowledge everything I have states is factual, other than where I have said it is my personal analysis. You may not like it, but that doesn't change it.

    FACT: Academic President quit apparently yesterday. They put it out in a press release. Public knowledge. To your point if he never works again he retired. We'll see.

    FACT: Stock is down from $3.50 to .16 cents since IPO. Public knowledge and public company.

    FACT: Listed for accreditation renewal at Jan meeting and no mention in minutes one way or another. Public knowledge.

    Now, I don't want to be wrong and where I am I immediately and unilaterally retract said statement(s) and repudiate their existence. Please advise..
     
    Last edited by a moderator: Mar 7, 2014
  13. Maniac Craniac

    Maniac Craniac Moderator Staff Member

    Hm. Curious that the accreditation status is unknown. And, wow, those are zimbabwean levels of devaluation.
     
  14. truckie270

    truckie270 New Member

    Or, he could have some health issues.........

    This is all speculation as some have noted, but with all of the options out there why would anyone even consider Aspen U. at this point with even a hint of something wrong going on? Even if they manage to turn the ship around there, it is a process that will take years to reverse a negative image of decline.

    I still amazes me how far some will go here to defend some schools. If you need to spend a considerable amount of time convincing those on this board that a school is on the level despite troubling public news, how well is that going to work for the crowd that does not really know anything about accreditation works? Ed posted a very real perception and assessment of the issue and I guarantee you he used more knowledge and spent more time crafting his opinion than the hiring manager who has never heard of Aspen will researching the school with Google.

    There are so many better options out there - utilize the time spent on drawing up a defensible position on a less-than-wonderful school and go find a better one instead.
     
    Last edited by a moderator: Mar 7, 2014
  15. Johann

    Johann Well-Known Member

    One of my personal heroes, (former junk-bond king) Michael Milken, was one of the founders of ISIM University - Aspen's predecessor school. Maybe it's time for Aspen to consider issuing junk-bonds! :smile:

    Johann
     
    Last edited by a moderator: Mar 7, 2014
  16. Delta

    Delta Active Member

    Go find a better school? I thought accreditation symbolizes the school meets some kind of standard? Unfortunately, it's becoming commonplace to see Nationally and yes, Regionally accredited schools lose accreditation. It becomes a crapshoot! "Find a better one instead" Gee whiz, why didn't I think of that? :thanks:
     
    Last edited by a moderator: Mar 7, 2014
  17. truckie270

    truckie270 New Member

    No problem. I am happy to help.
     
  18. siersema

    siersema Member

    I contacted DETC a couple weeks back and asked about this. The only reply was "I received your e-mail via XXXX to inform you that Aspen University continues to be accredited by DETC." My e-mail was dated 2/18.
     
  19. truckie270

    truckie270 New Member

    Aside from the accreditation issue, any student who attends a for-profit school that drops from an IPO $3.50 to .16 with significant management turmoil and uncertainty should seriously consider looking for alternatives.
     
  20. PuppyMama

    PuppyMama New Member

    Ed,

    I clicked on your link and it didn't work. What was the general message of the video? I ask because I have been considering GCU for my Ph.D. but have been hesitant because I've never attended a for-profit. Is the video suggesting that GCU's regional accreditation is in jeopardy?

    Thanks.
     

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