Aspen Group, a nationally accredited online postsecondary education company, has announced the creation of a unique mathematical formula that measures whether Aspen University alumni are earning a return-on-investment (ROI) from their education investment.
According to the independent annual alumni survey conducted in December, alumni that graduated from Aspen University between three and five years ago have earned a 162 percent average ROI, while those that graduated more than five years ago have earned a 167 percent average ROI.
Michael Mathews, chairman and CEO of Aspen Group, emphasized the importance of affordable education and the value of the survey results.
“It’s a travesty that at hundreds of institutions in the U.S., college students are more likely to default on their student loans than graduate,” Mathews stated in the news release. “That’s not a return-on-investment, that’s economic jail. At Aspen University we proudly graduate 58 percent of our students and we’re committed to offering tuition rates that are affordable enough for the majority of our students to ‘pay-as-they-go’ with cash so they graduate with minimal debt. That is the critical combination necessary to put students on a path for economic prosperity.”
The independent alumni survey was conducted by Target Research Group among Aspen alumni that graduated from Aspen University three or more years ago. The ROI formula measures the amount of incremental compensation alumni have earned since graduation divided by the total cost of the Aspen University program.
Results demonstrate that Aspen Alumni quickly benefitted from affordable, higher education.
“We’re proud of our alumni for achieving astonishing returns on their education investment in such a short period of time. These results prove that by offering an affordably priced program with rigorous academics, students will quickly achieve the economic and social benefits that higher education promises,” said Mathews.
View the Aspen University 2013 Annual Alumni Survey here: http://www.educationsector.org/sites/default/files/publications/Defaults_CYCT-F_JULY.pdf
For more information, visit www.aspen.edu
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