Aspen University Receives Approval to Open BSN Pre-Licensure Program in Atlanta, Georgia
21 January 2022 - 12:00AM
Aspen Group, Inc. ("AGI") (Nasdaq: ASPU), an education technology
holding company, today announced that Aspen University received the
final required state and board of nursing regulatory approvals for
their Bachelor of Science in Nursing (BSN) Pre-Licensure program in
Atlanta, Georgia, with permission to commence marketing and begin
to enroll first-year pre-requisite students effective immediately.
"Aspen University’s strategic plan is to focus on launching into
Tier 1 markets over the next few years, specifically by continuing
to grow its footprint in the largest Southern and Western metros.
Between 2010 and 2020, the Atlanta metro population grew 15% to 6.1
million,* which was the third fastest-growing metro among the top
ten MSAs in the U.S. over that 10-year period. This will now be the
largest metropolitan area where we’re offering our BSN
Pre-Licensure program, as Atlanta is 26% larger than Phoenix’s
population of 4.8 million. We’re targeting to begin our initial
(Years 2-3) Nursing Core term in Atlanta in September 2022,” stated
Michael Mathews, Aspen Group Chairman and CEO.
The new Aspen University location in Atlanta will follow the BSN
Pre-Licensure structure established initially in Phoenix. Atlanta
will operate as a full-time, accelerated three-year (nine semester)
program specifically designed for students who do not currently
hold a state registered nursing license and/or who have no prior
nursing experience. As of February 1, 2022, the 120-credit program
at all BSN Pre-Licensure locations in the U.S. will be offered at a
total cost of attendance (TCA) of $52,825 (including books), which
is a 9% increase from the previous TCA of $48,640.
The Atlanta site was formally occupied by the University of
Phoenix, located at 859 Mt. Vernon Highway NE, Suite 100, which is
situated just off Interstate 285 in the Sandy Springs suburb in the
inner ring of Atlanta. Aspen University will begin enrolling
first-year Pre-Professional Nursing students in Atlanta starting in
February 2022; Nursing Core students (Years 2-3) in September
2022.
During the regulatory approval process, Aspen University
received Letters of Support for establishing the program from the
following healthcare organizations: Southern Regional Medical
Center, Peachtree Immediate Care (a division of Emory Healthcare
Network), and Prosper Home Care. We have additionally received the
support of the Georgia Nurses Association and the Georgia
Association of School Nurses in our quest to help address the
nursing shortage in Georgia.
About Aspen Group, Inc.
Aspen Group, Inc. is an education technology holding company
that leverages its infrastructure and expertise to allow its two
universities, Aspen University and United States University, to
deliver on the vision of making college affordable again. For more
information, visit www.aspu.com.
Forward-Looking Statements:
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995, including statements regarding our plans with respect to new
campus openings, and the timing of our Atlanta program. The words
“believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,”
“should,” “plan,” “could,” “target,” “potential,” “is likely,”
“will,” “expect” and similar expressions, as they relate to us, are
intended to identify forward-looking statements. We have based
these forward-looking statements largely on our current
expectations and projections about future events and financial
trends that we believe may affect our financial condition, results
of operations, business strategy and financial needs. Important
factors that could cause actual results to differ from those in the
forward-looking statements include the continued demand of nursing
students for the new programs and national and local economic
factors including the substantial impact of the COVID-19 pandemic
on the economy. Other risks are included in our filings with the
SEC including our Form 10-K for the year ended April 30, 2021. Any
forward-looking statement made by us herein speaks only as of the
date on which it is made. Factors or events that could cause our
actual results to differ may emerge from time to time, and it is
not possible for us to predict all of them. We undertake no
obligation to publicly update any forward-looking statement,
whether as a result of new information, future developments or
otherwise, except as may be required by law.
Contact Information:
Hayden IRKimberly Rogers(385) 831-7337Kim@HaydenIR.com
*2020 U.S.
Census Data
Aspen (NASDAQ:ASPU)
Historical Stock Chart
From Mar 2024 to Apr 2024
Aspen (NASDAQ:ASPU)
Historical Stock Chart
From Apr 2023 to Apr 2024