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Apollo Education Group, Inc. Message Board

  • delphioracle2009 delphioracle2009 Oct 31, 2013 8:57 AM Flag

    STRA ... New Student Enrollments drops by 23% ... Tightening Belt ... Closing Campuses & Cutting Staff ...

    Today (10/31) STRA reported that total enrollments at Strayer University for the 2013 fall term decreased 17% to 43,192 students compared to 51,727 students for the same term in 2012.

    Their overall online Strayer University campus, continuing student enrollments decreased 14%, while new student enrollments decreased 23% ...

    For better survival STRA announced drastic measures costing approximately $45-55 million in the fourth quarter, which includes:

    ___ Reduce headcount by approximately 20% and annual operating expenses by an estimated $50 million beginning in 2014

    ___ Close approximately 20 physical locations predominantly in the Midwest, making $30-40 million of the charges in the fourth quarter

    ___ Approximately $15 million charge is expected of the fourth quarter charges related to workforce reductions, which makes remaining portion of expected $45-55 million restructuring cost for fourth quarter

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    • That's 43,191 students too many! Do they really educate people or do they just keep a whole bunch of loser there? Community colleges are way cheaper, and people get transferred to regular Universities after 2 years.
      Close all them up!

      • 1 Reply to unclespeaking
      • Would any smart student would sign up for APOL/UoP degrees when really valuable degrees are being offered by the leading research universities like ASU offerings through ...

        The students if not being fooled / fools, would know the probability of a APOL/UoP degree holder being able to compete with with a ASU degree holder ad have any chance of getting the job ...

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