The university is owned by the Aspen Group, Inc. a publicly held, for-profit postsecondary education company headquartered in New York City.

Effective March 12, 2014, Aspen University's RN to BSN Program received CCNE accreditation.

In 2022, students filed a class action suit, claiming the school had violated Arizona's Consumer Fraud Act.

[4] In 2022, Aspen University suspended new enrollments to its pre-licensure nursing programs in Florida, Georgia, Tennessee and Texas.

[7] Aspen University's Bachelor's & Master's degrees in Psychology of Addiction and Counseling are approved by the National Association for Alcoholism and Drug Abuse Counselors (NAADAC).