Although most nonprofit and public institutions throughout the country are struggling with budget cuts and uncertain enrollments, many for-profit schools are reporting record increases in student numbers and revenue.
Enrollment at the 10 largest for-profit college companies during the last quarter increased between 12 and 100 percent when compared to the same period last year. On average, most companies saw an increase of at least 20 percent.
The enrollment growth sparked increased revenue, as well. Bridgepoint Education, which owns the University of the Rockies in Colorado and Ashford University, based in Iowa, reportedly earned $110.9 million in net revenue, up 122 percent from $49.9 million at this time last year. The increase stemmed largely from a surge in enrollment, which more than doubled to 45,504, mostly online.