Owner of Ashford University explores sale to another higher ed institution

October 10, 2019 | The San Diego Union-Tribune

Zovio, the parent company of San Diego-based Ashford University, said Monday that it is exploring the possible sale of the 38,000-student online college to another university.

The move comes after the U.S. Department of Education required Zovio to post $103 million in financial guarantees as part of its planned spin-off of Ashford University into an independent California public benefit corporation.

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