From yesterday's leadership broadcast:
No growth in FY18.
Down 15% in new degree enrollments.
Down 2% in continuing degree enrollments (this was spun as great news, because it is an indicator of higher retention).
Compared to FY17, down about 18% in revenue; down in profit as well, but a number or percentage not given.
Competitors SNHU, WGU, ASU, Capella, all growing; UOPX not growing.
Hope is that FY18 represents the bottom of the decline. FY19 goal is to grow total and especially new enrollments.
Experimenting with different techniques to turn inquiries from potential students into enrollments. Texting seemed to work better than phone calls.
Also trying to nudge stalled students into completing their degrees.
Looking at the possibility of changing tax status. Nothing for sure, just looking. Tax status more a regulator issue than a student issue. Half of potential students have no idea what the tax status is.
Brand health seems good from student standpoint.
New marketing plan to promote the idea that UOPX is the original and all competitors are pale copycats.