Strayer enrollment grows 23 percent
- July 29, 2010
Strayer Education Inc. reported a 26 percent increase in its second-quarter profit as student enrollment grew 23 percent.
Arlington-based Strayer, which offers college degree programs designed for working adults, reported revenues of $159.3 million during the second quarter, compared to $125.9 million in the same period last year.
Student enrollment for summer 2010 classes was up 23 percent to 52,221 students. The number of global online students grew 31 percent to 5,349. About 18 percent of Strayer University students take 100 percent of their classes online. Tuition also increased 5 percent.
Strayer announced it will open four campuses for the fall term, including two in Houston, one in Dallas, and one in Columbus, Ga.
Strayer reported a growth in profit of 30 percent to $35.7 million during the quarter.