Student enrollment boosts Strayer’s revenues
- October 28, 2010
Strayer Education Inc.’s revenues increased 29 percent in the third quarter because of increased student enrollment and a 5 percent tuition increase.
Strayer reported revenues of $147.6 million in the third quarter, compared to $114.4 million in the same quarter last year. Profit increased 40 percent to $23.3 million, from $16.7 million in the third quarter of 2009.
Enrollment at Strayer University increased 12 percent to 60,711 students in fall 2010, compared with 54,317 students in fall 2009.
The Arlington-based education services company offers undergraduate and degree programs designed for working adults. Classes are offered at Strayer campuses and online.
The company said that it will open eight new campuses in 2011. During the 2011, campuses in Cincinnati and Dayton, Ohio, and Milwaukee, Wis., will be the first three to open.