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California Association of Private Postsecondary Schools

Bridgepoint Education Inc. Cuts 117 Jobs

02/03/2014

The Chronicle of Higher Education, February 3, 2014. The for-profit provider of higher education said on Friday that it had eliminated 117 jobs in San Diego, Denver, and Clinton, Iowa, where it operates a campus of Ashford University. The cuts were made in Ashford’s operations and in the company’s headquarters.

Bridgepoint, like several other for-profit-college companies, has seen declining enrollments in recent years amid increased scrutiny from Congress and federal regulators.

Source: Utsandiego

“The changes were designed around a strong commitment to academic quality, student success and operational efficiency,” the company said in a statement. “As a result, Bridgepoint Education is now in a more advantageous position to support its two academic institutions, San Diego’s Ashford University and Denver’s University of the Rockies.”

Most students attend Ashford University, with a majority taking classes online.

Bridgepoint’s colleges have seen declining enrollment — partly by design to meet accreditation standards. At the end of September, the colleges had 68,566 students — down from 91,358 a year earlier.