Education pays off for Strayer

February 18, 2006 - Posted in Education News

Strayer Education’s latest report card shows record fourth-quarter growth.

The Arlington-based education services holding company says revenue for the final three months of 2005 rose 19 percent to $62 million on increased enrollment and a 5 percent tuition hike that went into effect at the beginning of last year.

Strayer (NASDAQ: STRA - News) says winter 2006 enrollment jumped 16 percent with a 17 percent boost in new students and a 41 percent in online students.

The results reflect the addition of five campuses including the impact of opening three markets in North Carolina, South Carolina and Florida, as well as the continued growth of Strayer University Online, says Chairman and CEO Robert Silberman.

Classes for the spring term are beginning with two new campuses in Pittsburgh. Strayer has plans for a total of eight new campuses, including four already opened for the winter and spring terms.

Total enrollment at Strayer University for the 2006 winter term increased to 27,621 students compared with 23,815 students for the same term in 2005.

Strayer University offers undergraduate and graduate degree programs in business administration, accounting, information technology, education and public administration to more than 27,000 working adult students at 39 campuses in nine states and worldwide via the Internet through Strayer University Online.

Published February 16, 2006 by the Washington Business Journal


Leave a Reply