An excellent article in Monday's
Arizona Republic
discusses the Apollo Group's strategic move away from targeting older,
working professionals in favor of
younger
learners (18-22 year olds). The Apollo Group, the for-profit education
giant and darling of Wall Street (boasting over $2.25 billion in
revenue in 2005), operates the largest private university in the U.S.,
namely, the
University of Phoenix, as well as Western International
University, the College for Financial Planning, and the Institute for
Professional Development.
Since 1976,
UOP Online
has catered to the underserved adult student
population, especially full-time working adults by offering courses in
an intensive, shortened format (5 weeks for undergraduate programs, 6
weeks for graduate programs), to small cohorts of students. [This
cohort model, in which a group of students begin a course at the same
time, with most students staying together through duration of the
program up through degree
completion,
emphasizes
collaboration and teamwork -- modes of interaction to which a business professional is no stranger. This
approach allows students to focus on
one subject area at a time and then build knowledge sequentially.]
However, in the face of slowing enrollment growth, as well as
increased competition from other online education providers, they've
turned their eye to a new market segment -- "recent high school
graduates and other young students, most of them
with jobs if not careers, seeking a more flexible alternative to
community colleges and public universities" -- through the
University of Phoenix's sister school, Axia College.
Write Dawn Gilbertson, "There is no denying the demographic and economic changes or the
University of Phoenix's resounding success for more than a decade. What
concerns some Apollo watchers is how the company is pinning its
turnaround hopes on an unproven concept.
Axia is a big departure from its core business of working professionals
completing their degrees or getting advanced degrees, more often than
not with their employers picking up all or part of the tab."
Risky business? Yes, considering a 2005 Eduventures survey of "prospective college students among different age
groups last year about their interest in online education. Of survey
respondents ages 18 to 25, 52.2 percent said they would not consider
enrolling in an online program. That is more than double the rate of no
interest among those 26 to 40 years old." [Download the survey,
"
Assessing Consumer Attitudes Toward Online Education" in PDF format from
http://static.wbz.viacomlocalnetworks.com/~wbz/onlineed505.pdf.]
IMHO, this move goes to show that the for-proft industry
is highly innovative and quick to rise to the occasion to
serve the needs of learners - i.e.
- working with business and industry in the development of new programs/curriculum;
- assisting working adults who have the need/desire to complete a
college degree by offering flexible scheduling through a variety of
delivery methods, like weekends, evenings, via distance learning;
- increasing access to higher education for other underserved
student populations, like minorities or first-generation college
students;
- creating responsive, streamlined student services, etc.
For many reasons, for-profit
schools stand in stark contrast to traditional higher education
institutions who are large, land-grant and public universities with
clear social and/or research agendas, or independent schools with religious
affiliations. However, with so much controversy over the "for-profit"
status, it is overlooked that many for-profits like University of Phoenix also have sociopolitical
missions. [Check out
UOP's mission in .PDF format.]
Are you interested in
associate's degrees that can be completed completely online? Visit eLearners.com and search (or browse)
accredited online degrees by subject or by level.