UMassOnline Revenue Grows 47% and Enrollments Grow 30% in the 2004 Academic Year
BOSTON, MA August 9, 2004 UMassOnline, the University of Massachusetts' Web-based learning division, today announced that online education program revenues and enrollments grew 47 percent and 30 percent, respectively, in the 2004 academic year (September 1, 2003 - August 31, 2004). Revenues from the University of Massachusetts system's online programs were $14 million, up from $9.7 million in AY 2003, while enrollments reached 15,741, up from 12,131 in the same period. More than 90 percent of the revenues are retained by the UMass campuses to support education and research programs.
At UMassOnline, we measure success by the extent to which we broaden access to a UMass education," said David Gray , UMassOnline CEO. "While there is no single or simple explanation for our rapid growth, I attribute it largely to bringing the right products to the marketplace."
Christopher Schlorman , a 35 year-old parent and working professional from Dayton, Ohio, agrees that UMassOnline has the right mix of quality academic programs and convenient access. Schlorman, who earned his Bachelor of Science in Information Technology completely online this spring through the University of Massachusetts Lowell campus says, "There were other online institutions I could have chosen but none of them gave the return on investment that UMass did." Schlorman adds, "Without this online program, I would have had to wait another four years to pursue the professional opportunities I can pursue today."
Traditional universities offering online education and degree programs like UMassOnline remain top choice for corporations over for-profit providers of online education. According to surveys conducted by the Online University Consortium, graduates with credentials from traditional universities are more likely to be hired and promoted than those from for-profit schools. Online University Consortium research, held with qualified buyers attending recent conferences at the Society for Human Resource Management and American Society for Training & Development, further indicates corporations are seeing the failure of for-profits' in their ability to produce a quality education that transfers into corporate performance and employee success.
"Our students and their employers tell us that they appreciate the quality intrinsic in a University of Massachusetts education," says CEO David Gray.
"UMassOnline offers high quality, distance education, has won national awards, and is emerging as one of the largest distance learning programs among accredited universities in the U.S.," UMass President Jack M. Wilson said. "Its dramatic growth is evidence that the University of Massachusetts is meeting a critical need and that our faculty and campuses are fully engaged in highly innovative, collaborative efforts to create new learning options for our citizens."
Today, UMassOnline offers 40 graduate and undergraduate programs online including more than 300 courses each semester through the continuing education departments at UMass Amherst, Boston, Dartmouth and Lowell.
UMassOnline, the University of Massachusetts' system online education consortium, delivers accredited, online programs from UMass Amherst, Boston, Dartmouth, Lowell and UMass Medical School via interactive, Web-based learning systems. Online programs are closely coupled with their face-to-face counterparts enabling UMassOnline to offer fully accredited (NEASC) and nationally-recognized programs online.
Today, UMassOnline delivers 40 graduate, undergraduate and non-credit degrees and certificates, as well as 300 online courses annually, to diverse, geographically disparate learners. Online programs span the broad range of academic disciplines that UMass is known for: education, IT, nursing, public health, management, criminal justice, hospitality and tourism, and the liberal arts. Created by the University President and Board of Trustees in 2001 to serve community educational needs and increase access to a UMass education, UMassOnline supported 15,741 enrollments and generated $14.2 million in revenue in the 2004 academic year.