July 10, 2013
/PRNewswire/ -- Bridgepoint Education, Inc. (NYSE: BPI), announced today that its academic institution,
, has been granted initial accreditation for five years by the Accrediting Commission for Senior Colleges and Universities of the Western Association of Schools and Colleges (WASC). The WASC Commission Action Letter stated "The Commission found that the University has responded to Commission concerns and judges that it is now in substantial compliance with Commission standards."
WASC's accreditation review process, which included rigorous reporting and multiple site visits by representatives of the accrediting body, proved to be a beneficial endeavor that elevated
as an educator and institution.
The WASC visiting team noted within their final report that "the team found an institution that has been fundamentally transformed and whose culture has been changed in significant ways, including a shift from a market driven approach to an institution committed to student retention and success, a transformation that is enthusiastically supported by the Board of Trustees, the new President, administration, faculty and staff."
"From our students and alumni, to our faculty and staff, to our trustees and shareholders, today's announcement reaffirms
and Bridgepoint Education's collective commitment to student success," said Bridgepoint Education chief executive officer
. "Throughout this organization and its academic institutions, there is a passion for education and the transformative difference it can make. We appreciate WASC's recognition of
efforts and know that those same efforts will benefit our students through both the ongoing and new initiatives Ashford has implemented throughout this process."
A copy of the visiting team report and WASC action letter from the review of
will be available on the WASC website at
. WASC's main office is located at 533 Airport Boulevard, Suite 200,
94010-2009 (telephone 650.696.1060).
Second Quarter Outlook