Internet Learning Volume 3, Number 2, Fall 2014 | Page 27

Internet Learning Table 4. Leading Online Education Degree Providers Notes: • DeVry University may be on this list but they do not provide data that leads to a good estimate of online degree headcount. • The student count is for students enrolled in online degree programs. • Sources of data include SEC filings for publicly-traded companies, analyst reports of financial filings, university-supplied fact sheets, media reports, and APUS estimates. It is important to note that four institutions on the list gained market share in the past year: Liberty, Grand Canyon, Southern New Hampshire, and Western Governors (WGU), and all of them except Grand Canyon are non-profits. They have all successfully leveraged a distinct strategy that emphasizes their strengths. • Liberty has capitalized on its faith-based brand generated from the legacy of the late nationally recognized minister, televangelist, and political commentator Dr. Jerry Falwell, Sr., as well as its television programming to promote the institution. • Grand Canyon also uses its faith-based roots along with strong regional marketing, an emphasis on building campus community for onsite and online students around athletics and the arts, a focus on regional high-growth industries, and a unique reinforcing strategy where they use their high-quality academics onsite foundation (minimum onsite admissions GPA requirement of 3.0 and average onsite student GPA of 3.5) to drive full-pay online enrollments, which in turn subsidize the tuition of the onsite students (tuition discounts over 50%) enabling Grand Canyon to compete for top onsite students. 26