UMassOnline Reports Record Enrollment and Revenue Increases for Fiscal Year 2007
SHREWSBURY, Mass.–(BUSINESS WIRE)–UMassOnline, the online learning division of the University of Massachusetts, announced record revenue and enrollment results for fiscal year 2007. Program revenue grew by 32.1 percent and enrollment increased by 25 percent, in fiscal year 2007 (July 2006 – June 2007), the largest growth rate recorded in more than three years. Revenue from online programs was $28 million, up from $21 million in fiscal year 2006. Enrollments reached 26,627, up from 21,202 recorded in the previous fiscal year, and 17,661 in fiscal year 2005.