Aspen University Announces a Record 1,255 New Student Enrollments in Q2 FY’18 Based on a Record 13.6% Conversion Rate; New Student Enrollments Up 22% Sequentially
Aspen Group Inc. (ASPU)
NASDAQ:AMEX Investor Relations:
ir.aspen.edu
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Source: GlobeNewswire
NEW YORK, Nov. 15, 2017 (GLOBE NEWSWIRE) -- Aspen Group, Inc. (Nasdaq:ASPU), a postsecondary education company, today announced that Aspen University achieved a quarterly record of 1,255 new student enrollments for the fiscal 2018 second quarter ending October 31, 2017, surpassing last quarter’s previous record of 1,025, delivering a sequential increase of 22%. From a year-over-year perspective, new student enrollments increased 55%, from 811 to 1,255. Aspen’s rolling six-month average cost-per-enrollment (CPE) decreased sequentially in Q2 FY’18 from $812 to $787. As a result, Aspen’s marketing efficiency ratio (revenue-per-enrollment/cost-per-enrollment) increased to 8.9X, meaning that Aspen is projecting to earn an 8.9X return on its marketing investments. Aspen’s total active student body grew year-over-year from 3,726 to 5,641, an increase of 51%. Aspen’s School of Nursing grew 60% year-over-year, from 2,538 to 4,068 active students. Aspen’s RN to BSN program accounted for the
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