Let's get the latest News topic today for For non-profit College shakeup: Top Bridgepoint Executive leaving (updated) - Barron's (blog) Below :
One of the top officials Bridgepoint education (BPI), Chief accreditation officer Christopher L. Spohn, effective morning leaving the company.
The company said Spohn "had decided to pursue other opportunities."
"This was his choice," said Paul Goodson, associate Vice President for investor relations. "He's not out is forced." He was a founding member of the management team that founded the company. "I think he is just decided, he is willing to do something else."
The company released the news of Spohn's departure in a federal filing earlier this month.
Spohn manages all admissions to Bridgepoint's two academic institutions, Ashford University and the University of the Rockies.
Bridgepoint Commons better than any other large for-profit education company this year conducted, 29% increase. Bridgepoint has less than competitors such as Apollo Group (APOL) investigations of companies admissions practices and education quality as well as federal proposals to place new restrictions on industry violated.
But Bridgepoint certainly still control or ridicule noticed, even though it violated no bearings as much as peers. Senator Tom Harkin (Iowa D) only the company in a speech on the Senate floor. Bridgepoint's associate degree programs 84.4% withdrawal have a "fast" in the first year, Harkin said.
"What think you of their loans happened?" What think you, your Pell grants happens? Get back those students? Not on your life. "Bridgepoint held, the money went to their shareholders."
Goodson said Harkin data selectively used to prove a point.
"We are our retention rates of 62 and 63 per cent, the what been very consistent over the years."
Harkin has been holding hearings on for profit universities in the Senate's health, education, labor and Pensions Committee, which he chairs. The Department of education's Inspector General is investigating Bridgepoint education also reportedly.
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