Dive Brief:
- Strayer Education, the parent company of for-profit Strayer University, announced slight increases in its summer enrollment with its latest earnings report.
- Net income was down to $11.9 million for the quarter ending June 30, a 13% drop from the same quarter in 2014, when net income was $12.9 million.
- Total enrollment during the summer term was up 2%, or about 800 students, and Strayer announced a new addition to its Strayer@Work corporate partnership program with TeleTech, prompting a rise in the company’s stock price Wednesday.
Dive Insight:
Fiat Chrysler Automobiles chose Strayer University this spring as a partner in offering free tuition to employees at its dealerships nationwide. Now TeleTech has joined the program, giving employees educational perks to improve retention and internal talent. Companies seem to be returning to this type of employee benefit following a recession that forced cutbacks in similar programs. Colleges and universities across the country are vying for these partnerships, hoping for the steady stream of students and support to build new programs.
