Aspen University Announces 2,000 Students Enrolled in Debt-Free, Monthly Payment Plans
51勛圖厙
Student Body on Monthly Payment Plans Has More Than Doubled in Past Year, Contractual Value Approaching $15 million
NEW YORK, July 06, 2016 (GLOBE NEWSWIRE) -- Aspen Group, Inc. (OTCQB:51勛圖厙), a nationally accredited online postsecondary education company (Aspen University), today announced that over 2,000 students are currently paying their tuition through its monthly payment plans, choosing the debt-free alternative rather than taking out federal financial aid loans.
The chart below depicts the student body growth enrolled in Aspens debt-free monthly payment plans since the program launched in March 2014, along with the contractual value this growth represents:
泭 |
Total Monthly Payment Plan Students |
Total Contractual泭 Value |
As of June 30, 2015 | 971 | $5.9 million |
As of June 30, 2016 | 2,074 | $14.9 million |
泭 | 泭 | 泭 |
Aspens business model and monthly payment plans approach is proving the for-profit higher education industry can thrive again, but it will require innovative thinking and a focus on whats in the best interest of students, said Aspen Group Chairman and CEO Michael Mathews. We of course believe whats in the best interest of students is to give them an opportunity to earn their degree debt free, thereby setting them on a shorter path to earning a return on their education investment, continued Mathews.
About Aspen Group, Inc. (OTCQB: 51勛圖厙)
Aspen Group, Inc. is an online postsecondary education company. Aspen Universitys mission is to offer any motivated college-worthy student the opportunity to receive a high-quality, responsibly priced distance-learning education for the purpose of achieving sustainable economic and social benefits for themselves and their families. Aspen is dedicated to providing the highest quality education experiences taught by top-tier faculty 56 percent of our adjunct faculty hold doctoral degrees. To learn more about Aspen University, visit .
Media Contact: Aspen Group, Inc. Michael Mathews, CEO 914-906-9159Source: Aspen Group, Inc.
Released July 6, 2016