# EDGAR Filing Document

**Accession Number:** 0001487198
**File Stem:** 0001553350-23-000078
**Filing Date:** 2023-2
**Character Count:** 6090
**Document Hash:** ae4b24bed46cc7ecaeb070bd8da24c23
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001553350-23-000078.hdr.sgml**: 20230203

**ACCESSION NUMBER**: 0001553350-23-000078

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 12

**CONFORMED PERIOD OF REPORT**: 20230201

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230203

**DATE AS OF CHANGE**: 20230203

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ASPEN GROUP, INC.
- **CENTRAL INDEX KEY:** 0001487198
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-EDUCATIONAL SERVICES [8200]
- **IRS NUMBER:** 271933597
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38175
- **FILM NUMBER:** 23583896

**BUSINESS ADDRESS:**
- **STREET 1:** 276 FIFTH AVENUE
- **STREET 2:** SUITE 505
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10001
- **BUSINESS PHONE:** 646-448-5144

**MAIL ADDRESS:**
- **STREET 1:** 276 FIFTH AVENUE
- **STREET 2:** SUITE 505
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10001

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Elite Nutritional Brands, Inc.
- **DATE OF NAME CHANGE:** 20111011

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Hidden Ladder, Inc.
- **DATE OF NAME CHANGE:** 20100315

?xml version="1.0" encoding="utf-8"?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**______________**

**FORM 8-K**

**______________**

**CURRENT REPORT**

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): **February 1, 2023**

**ASPEN GROUP, INC.**

*(Exact name of registrant as specified in its charter)*

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| | | |
|:---|:---|:---|
| **Delaware** | **001-38175** | **27-1933597** |
| *(State or Other Jurisdiction* | *(Commission* | *(I.R.S. Employer* |
| *of Incorporation)* | *File Number)* | *Identification No.)* |

---

**276 Fifth Avenue, Suite 505, New York, NY 10001**

*(Address of Principal Executive Office) (Zip Code)*

**(646) 448-5144**

*(Registrant's telephone number, including area code)*

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

□ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

□ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

□ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

□ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| Common Stock, $0.001 par value | ASPU | The Nasdaq Stock Market<br> (The Nasdaq Global Market) |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ◻

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ◻

**Item 8.01 Other Information.**

On February 1, 2023, Aspen Group, Inc. ("AGI") received notification that its Aspen University institution ("Aspen" or the "Institution") had been issued a Show Cause Directive by the Distance Education Accrediting Commission ("DEAC" or "the Commission") requiring Aspen to prove why its current accreditation should not be withdrawn and to require Aspen to undergo a special visit by a team of DEAC evaluators. Show Cause is a procedural order that places the burden on Aspen to prove it remains an entity that meets DEAC's accreditation standards.

DEAC informed Aspen that certain areas of concern raise serious questions as to Aspen's ongoing compliance with DEAC Accreditation Standards III.D., V.A., X.B., XI.E., and DEAC Procedures under Part Two, Section XVII.E, including curricula and instructional materials; student achievement; reputation; operations; and notifications. These call into question Aspen's organizational integrity, administrative capacity, and ability to serve students in a manner that complies with DEAC standards. The letter also requires the Institution to submit certain information to DEAC prior to February 16, 2023, and to constituents within seven business days, and permits continuance of DEAC's monitoring of monthly financial reports.

To date, Aspen has provided multiple regulatory bodies with requested records and data and the Institution will willingly comply with the Commission's continued oversight through the 2-year show cause period during which Aspen remains fully accredited. The Institution strongly believes that the oversight will continue to demonstrate Aspen's compliance with accreditation criteria.

**Item 9.01 Financial Statements and Exhibits.**

**(d) Exhibits**

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | **Incorporated by Reference** | **Incorporated by Reference** | **Incorporated by Reference** | |
| **Exhibit**<br>**#** | <br>**Exhibit Description** | **Form** | **Date** | **Number** | **Filed or <br> Furnished**<br>**Herewith** |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document |  |  |  |  |

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | |
|:---|:---|:---|
|  | **ASPEN GROUP, INC.** | **ASPEN GROUP, INC.** |
| Date: February 2, 2023 | By: | /s/ Michael Mathews |
|  |  | Name: Michael Mathews |
|  |  | Title: Chief Executive Officer |

---