Recently, MSNBC analyzed the U.S. education industry in their reporting. They took a look at the higher education sector and reported the following statistics:
U.S. higher education ranks 12th out of 37 countries for graduation;
18.4 million students are enrolled in U.S. undergraduate programs;
21.5 million students are enrolled in U.S. post-secondary programs;
Approximately 59% of students get a bachelor’s degree within six years; and
College attendance has gone up 10% since 2008.
The graphic below shows the cost increase over the past year:
The graphic below then compares the price increase for college, related to other purchases:
Finally, the U.S. student has evolved with the prevalence and adoption of online education.
More than 6.7 million students—32 percent of total higher ed enrollment—took at least one online course through a university during fall 2011, up from roughly 6.1 million students the year prior, according to “Changing Course: Ten Years of Tracking Online Education in the United States.”
Over 6.7 million students were taking at least one online course during the fall 2011 term, an increase of 570,000 students over the previous year; and
Thirty-two percent of higher education students now take at least one course online.
As investors in the online education space, we continue to see the market expanding, with opportunities for growth. The chart below confirms that.