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Strayer University cuts tuition 40 percent

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Herndon-based Strayer University announced a plan Friday to reduce tuition by 40 percent for some students.

Under the plan, new undergraduate students enrolling in the Winter 2014 and future terms would receive an automatic 20 percent reduction in tuition.

In addition, students who receive tuition awards to cover the cost of one future class for every three completed.

Students do not need to fill out paperwork or compete with other students for the tuition grants. Students must remain enrolled and be in good academic standing.

In its third quarter-earnings, Strayer announced that fall enrollment had dropped 17 percent. The company said it would cut its work force by 20 percent and close 20 of its school site. Strayer announced plans at that point to reduce tuition by 20 percent.

The for-profit school provides online and campus classes for undergraduate and graduate degree programs.

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