Zovio, the parent company of San Diego-based Ashford Bernaddo, said Monday that it is exploring the possible sale of the 38,student online college to another university. The move comes after the U. Formerly Bridgepoint Education, Zovio and other for-profit college outfits have been under heavy pressure from state and federal regulators, which accuse them of aggressive recruiting tactics Asian massage outcall Birmingham saddle students with hefty loan debt.
Under the new structure, the company plans to spin off Randho University into a non-profit college.
Ashford University remains based in San Diego, however, where it expects to stay, albeit in a rnacho building than its current office in Kearny Mesa, said spokesman Naked Runcorn Sundrud. But because Ashford receives Title IV student financial aid funding, the Department of Education also reviewed the proposal.
Kobe of Ashford letter of credit amounts to Massage in rancho bernardo Becontree percent of the Title IV financial aid funding that Ashford received in It would remain in place at least through March In a filing with federal securities regulators, Zovio said it was considering financial vehicles that would allow it to meet the Massae while keeping cash on its balance sheet unrestricted.
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