Bridgepoint Education (NYSE:BPI) is a for-profit education company that provides higher education through its Ashford University and University of the Rockies subsidiaries.
I've covered Bridgepoint before, most recently criticizing the company for the accreditation fiasco that went on this past year. If you're unfamiliar with the accreditation situation, here's a brief synopsis of what happened:
The Department of Education designates certain accreditors in the US as 'gatekeepers' of Title IV funds. What that means is that a US college must be accredited by one of these designated accreditors in order for its students to be eligible for federal financial aid. Since college students in America rely so heavily on federal loans and most colleges are accredited, it is...
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