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Tuesday, August 10, 2004
UMassOnline Revenue Grows 47% and Enrollments Grow 30% in the 2004 Academic Year - TMCNet
UMassOnline, the University of Massachusetts' web-based learning division, today announced that online education program revenues and enrollments grew 47 percent and 30 percent, respectively, in the 2004 academic year (September 1, 2003 - August 31, 2004). Revenues from the University of Massachusetts system's online programs were $14 million, up from $9.7 million in AY 2003, while enrollments reached 15,741, up from 12,131 in the same period. More than 90 percent of the revenues are retained by the UMass campuses to support education and research programs. "At UMassOnline, we measure success by the extent to which we broaden access to a UMass education," said David Gray, UMassOnline CEO. "While there is no single or simple explanation for our rapid growth, I attribute it largely to bringing the right products to the marketplace."
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