New York’s attorney general is investigating Bridgepoint Education, the San Diego-based for-profit company, the New York Times reported Thursday. Bridgepoint is one of five for-profit higher education companies targeted by Attorney General Eric Schneiderman. From the Times:
Mr. Schneiderman is looking into whether the schools and their recruiters misrepresent their success in finding students jobs, the quality of instruction, the cost of attending, and the program’s accreditation, among other things. Such activities could constitute deceptive trade practices or fraud.
We’ve reported on Bridgepoint’s remarkable ability to attract profits and controversy for its business practices. The company or its colleges in Iowa and Colorado have faced inquiries from the U.S. Department of Education and Iowa’s attorney general and was the subject of a U.S. Senate hearing.
Update: Bridgepoint confirmed the investigation in a filing with the federal Securities and Exchanges Commission, Reuters is reporting. It said the attorney general requested documents and information since March 2005, and the company intends to comply with the request.