University of Aspen Receives Approval to Open BSN

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NEW YORK, Jan. 20, 2022 (GLOBE NEWSWIRE) — Aspen Group, Inc. (“AGI”) (Nasdaq: ASPU), an education technology holding company, today announced that the University of ‘Aspen has received the required final state and Board of Nursing regulatory approvals for their Bachelor of Science in Nursing (BSN) pre-licensure program in Atlanta, Georgia, with clearance to commence commercialization and commence to enroll first-year prerequisite students with immediate effect.

“The University of Aspen’s strategic plan is to focus on launching into Tier 1 markets over the next several years, particularly as it continues to grow its footprint in the larger southern and western metros. Between 2010 and 2020, Metro Atlanta’s population grew by 15% to 6.1 million,* which was the third fastest growing metropolis among the top ten MSAs in the United States during that period of 10 years. This will now be the largest metropolitan area where we offer our BSN pre-licensing program, as Atlanta is 26% larger than Phoenix’s population of 4.8 million. We aim to begin our first nursing term (2-3 years) in Atlanta in September 2022,” said Michael Mathews, President and CEO of Aspen Group.

Aspen University’s new location in Atlanta will follow the BSN pre-licensing structure initially established in Phoenix. Atlanta will operate as an accelerated, full-time, three-year (nine-semester) program specifically designed for students who do not currently hold a state registered nurse license and/or have no previous nursing experience. Beginning February 1, 2022, the 120-credit program at all BSN pre-licensing sites in the United States will be offered at a total cost of attendance (TCA) of $52,825 (including books), an increase 9% compared to the previous one. ACR of $48,640.

The Atlanta site was officially occupied by the University of Phoenix, located at 859 Mt. Vernon Highway NE, Suite 100, which is located just off Interstate 285 in the suburb of Sandy Springs in the Inner Belt. Atlanta. Aspen University will begin enrolling first-year pre-professional nursing students in Atlanta beginning in February 2022; Nursing students (2-3 years) in September 2022.

During the regulatory approval process, the University of Aspen received letters of support for the establishment of 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 support from 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 enable its two universities, the University of Aspen and the University of the United States, to realize the vision to make 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 for opening new campuses and the timing of our program in Atlanta. 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 regarding 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 set forth in the forward-looking statements include continued demand from nursing students for new programs and national and local economic factors, including the substantial impact of the pandemic. of COVID-19 on the economy. Other risks are included in our filings with the SEC, including our Form 10-K for the fiscal year ended April 30, 2021. Any forward-looking statements we make herein speak only as of the date on which they are made. done. Factors or events that could cause our actual results to differ may arise from time to time and it is impossible 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 required by law.

Contact details:

R.I. Hayden
Kimberly Rogers
(385) 831-7337
[email protected]

*2020 US Census data

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