ASPUAspen Group Inc.

About Aspen Group Inc. (ASPU)

Aspen Group Inc. (ASPU) is a Education & Training Services company headquartered in Phoenix, AZ, United States whose shares trade over-the-counter on the OTCQB tier.

Aspen Group is an education technology holding company that leverages its infrastructure and expertise to allow its two universities, Aspen University ("AU") and United States University ("USU"), to deliver on the vision of making college affordable again. Aspen Group provides students the opportunity to earn degrees without taking on large financial debt; to help students achieve their goals. Both Aspen University and United States University offer clear and affordable tuition through monthly payment plans backed by private education loans with a 0% fixed rate of interest and no down payment. The Company has been ahead of the curve as the higher education landscape shifts towards affordable, flexible delivery options resulting in higher student ROI. Aspen Group is concentrated in the nursing higher education sector. As of October 31, 2024, students seeking nursing degrees were 82% of total active students at both universities.

Products and services

Aspen University offers online education to registered nurses and to a lesser extent graduates and undergraduates in a variety of subject matters. With the exception of our nursing pre-licensure program, all of our programs are entirely online, with some graduate programs requiring the completion of a practicum, internship, project or dissertation. AU offers certificate programs and associate, bachelor, master and doctoral degree programs in a broad range of areas, including business and technology, education, and health sciences. Our degree programs are supported by Aspen University’s Schools of Nursing & Health Sciences, Education, and Business & Technology. In Aspen University’s School of Nursing & Health Sciences, we focus on the popular RN to BSN program where registered nurses study for the purpose of obtaining a Bachelor of Science in Nursing (“BSN”) degree. AU also offer two bachelor degree programs in health sciences. USU offers a number of nursing degree programs and other degree programs in health sciences, business & technology and education. Its primary enrollment program is the Master of Science in Nursing-Family Nurse Practitioner (MSN-FNP), which is designed for BSN-prepared registered nurses who are seeking a Nurse Practitioner license. The MSN-FNP is an online-hybrid 48-credit degree program with 100% online hybrid curriculum, one in person, face-to-face immersion experience, and clinical component to complete 540 clinical and 32 lab hours.

ASPU key facts

Ticker symbol

ASPU

Market tier

OTCQB

Sector

Consumer Defensive

Industry

Education & Training Services

Headquarters

Phoenix, AZ, United States

Country of incorporation

US

Year of incorporation

2012

Employees

184

Estimated market cap

$4.25M (as of Apr 10, 2025)

Shares outstanding

28,372,864

Reporting standard

Alternative Reporting Standard

Audit status

Audited

Fiscal year end

4/30

Latest filing

Quarterly Report (Jan 31, 2025)

Aspen Group Inc. leadership

• Michael Mathews — CEO
• Matthew LaVay — CFO
• Cheri St. Arnauld — Chief Academic Officer
• Rozanna Shulman — Controller

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