Item 8.01 Other Information.





On February 8, 2023, Aspen University, Inc. ("Aspen University") received
notification from the United States Department of Education (the "DOE") that
effective February 7, 2023 the DOE had placed Aspen University, a wholly-owned
subsidiary of Aspen Group, Inc. ("AGI") on Heightened Cash Management 2
("HCM2"). Under the HCM2 method of payment, Aspen University may continue to
obligate funds under the federal student financial assistance programs
authorized by Title IV of the Higher Education Act of 1965, as amended.



Heightened Cash Monitoring is a step that the U.S. Department of Education can
take with institutions to provide additional oversight for a number of financial
or federal compliance issues. A school placed on HCM2 no longer receives funds
under the Advance Payment Method. After a school on HCM2 makes disbursements to
students from its own institutional funds, a Reimbursement Payment Request must
be submitted for those funds to the DOE. Consequently, Aspen University is
estimating the next financial aid reimbursement received from the DOE will be
delayed until late March 2023 at the earliest. Subsequent to the receipt of the
first financial aid payment under HCM2, Aspen University will be able to submit
for financial aid reimbursement once every 30 days. Reimbursement payments could
be delayed if the DOE has findings upon review of each of our reimbursement
files.



The letter from the DOE stated that the DOE acted in response to the Show Cause
Directive from the Distance Education Accrediting Commission, which action AGI
disclosed in a Form 8-K filed February 3, 2023.

Item 9.01 Financial Statements and Exhibits.





(d) Exhibits



                                                                                            Filed or
Exhibit                                                     Incorporated by Reference       Furnished
   #                  Exhibit Description                 Form       Date        Number     Herewith

104 Cover Page Interactive Data File (embedded

within the Inline XBRL document

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