A recent San Diego Regional Economic Development Corp. study has shown that Bridgepoint Education is San Diego’s ninth-largest private employer. The company positively impacts the region’s economy by more than $1 billion. In addition to paying $44 million in local taxes and $120 million in federal income taxes, Bridgepoint contributes over $1.5 million to San Diego nonprofit groups. The Holiday Bowl is now the Bridgepoint Education Holiday Bowl. Bridgepoint has done its part to make San Diego a better place in which to live.
Clearly, Bridgepoint is a for-profit educational corporation. It educates thousands through innovative programs that benefit students and employers. But as Mitt Romney has stated many times, there is nothing wrong with making a profit — it is the essence of the American free enterprise system.
On July 5, Bridgepoint’s Ashford University received notice that its initial application for accreditation was denied by the Western Association of Schools and Colleges. Ashford has filed an appeal. Ashford is accredited by the Higher Learning Commission of the North Central Association of Schools and Colleges through 2014-2015.
In spite of Bridgepoint’s sterling record as a good corporate citizen and its accreditation by other agencies, the WASC action and its sensationalization by media have resulted both in a decline of Bridgepoint Education’s valuation and a sullied reputation.
The U-T knows the leaders at Bridgepoint and is absolutely confident that it will grow and prosper in the future and will continue with its community largesse and economic impact to our region. We believe that Bridgepoint has earned our region’s support.