猫咪视频 University鈥檚 Debtless Education Solution Exceeds a Majority of Its Tuition Revenues Only 18 Months Following Inception
猫咪视频
52% of Tuition Revenues in September Paid Through听Monthly Payment Methods
Recurring Monthly Tuition Billing Now Exceeds $275,000
NEW YORK, Oct. 06, 2015 (GLOBE NEWSWIRE) -- 猫咪视频 Group, Inc. (OTCQB:ASPU), a nationally accredited online post-secondary education company (猫咪视频 University), today announced that 18 months since its debtless education announcement, 52% of its tuition revenues in September were paid through a monthly payment method.
| Tuition Revenues by Payment Type (September): | ||||||
| 听 | 听 | 听 | ||||
| Debtless Education Solution | 听 | 听 | 52 | % | ||
| -Monthly Payment Plan | 听 | 40 | % | 听 | ||
| -Monthly Installment Plan | 听 | 12 | % | 听 | ||
| Cash | 听 | 听 | 19 | % | ||
| Federal Financial Aid | 听 | 听 | 20 | % | ||
| Other (Corporate Tuition Reimbursement/Military) | 听 | 8 | % | |||
| 听 | 听 | |||||
鈥�18 months ago, 猫咪视频 was convinced that if working professionals were given the opportunity to pay for their college education through affordable monthly payment methods rather than incur debt, they would choose the debt free alternative,鈥� said 猫咪视频 Group Chairman and CEO Michael Mathews. 鈥溍ㄟ涫悠碘�檚 student body has clearly decided that this is the preferred, fiscally intelligent method to pay for a college education,鈥� continued Mathews.
In March, 2014, 猫咪视频 University unveiled a monthly payment plan aimed at reversing the college-debt sentence plaguing working-class Americans. The monthly payment plan offers bachelor students (except nursing) the opportunity to pay $250/month for 72 months ($18,000), nursing bachelor students (RN to BSN Completion program) $250/month for 39 months ($9,750), master students $325/month for 36 months ($11,700) and doctoral students $375 per month for 72 months ($27,000), interest free, thereby giving students the ability to earn a degree debt free. Additionally, 猫咪视频 offers a monthly installment plan for students that prefer to pay monthly only when they are currently active in a course.
As of month end September, 猫咪视频 University has 1,235 degree-seeking students enrolled in a monthly payment method, which delivers monthly recurring tuition billings in excess of $275,000 (not including miscellaneous fees).
About 猫咪视频 Group, Inc.
猫咪视频 Group, Inc. is an online postsecondary education company. 猫咪视频 University鈥檚 mission is to offer any motivated college-worthy student the opportunity to receive a high quality, responsibly priced distance-learning education for the purpose of achieving sustainable economic and social benefits for themselves and their families. 猫咪视频 is dedicated to providing the highest quality education experiences taught by top-tier faculty - 60% of our adjunct faculty hold doctoral degrees. To learn more about 猫咪视频, visit .
Media Contact: 猫咪视频 Group, Inc. Michael Mathews, CEO 914-906-9159Source: 猫咪视频 Group, Inc
Released October 6, 2015