Online University Grosses Over $1 Billion, But Online Student Churn Is At 84%
With 94,863 mainly online students across the United States, Bridgepoint Education grossed more than a billion in 2011 with $172.8 million net income. And, that net is up 375% from 2010’s net of “just” $46 million. However, according to the San Diego Free Press, 84% of paying students drop out prior to graduation from Bridgepoint’s two-year associate degree programs. While this is a completely reasonable churn rate for online subscription content, we suspect it’s unusually high…
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