New York Joins List of States Known to Be Investigating For-Profit Colleges

Bridgepoint Education Inc., which operates the for-profit Ashford University, acknowledged in a filing this week with the U.S. Securities and Exchange Commission that it had received a subpoena from New York State’s attorney general related to an investigation of the company’s business practices.

According to reports by Bloomberg and The New York Times, the attorney general, Eric T. Schneiderman, is also looking at business practices of three other companies that operate for-profit colleges — the Career Education Corporation, Corinthian Colleges, and Lincoln Educational Services — as well as an online school founded by Donald J. Trump. Mr. Schneiderman’s office declined to comment.

His inquiry makes New York the sixth state known to have such investigations under way.


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