$13.9bn
$X.Xbn
81,378
180
$X.Xbn
For-profit universities have managed to generate some revenue growth through the current period even as external challenges have weighed on the industry. While higher educational institutions have faced rising skepticism amid high student debt, for-profit universities' more affordable price tags helped them avoid more significant enrollment declines. Competition from vocational schools and other affordable alternatives pressured the industry's pricing power, but robust tuition hikes have kept revenue on a steady trajectory upward in the pandemic's aftermath. Industry revenue has ultimately swelled at a CAGR of 0.2% to an estimated $13.9 billion over the five years through 2024.
Industry revenue has grown at a CAGR of 0.2 % over the past five years, to reach an estimated $13.9bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Apollo Education Group Inc. | 793.8 | 70.1 | 8.8 | |
Perdoceo Education Corp | 656.0 | 148.8 | 22.7 |
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Industry revenue is measured across several distinct product and services lines, including Bachelor's courses, Master's courses and Doctorate courses. Bachelor's courses is the largest segment of the For-Profit Universities in the US.
Bachelor's degrees cater to a wide range of careers
The For-Profit Universities industry includes colleges and universities that offer academic courses at baccalaureate or graduate levels on a for-profit basis. A high school diploma or equivalent academic training is generally an admission requirement. Instruction may be provided in a variety of settings such as educational institutions, the workplace, the home, training facilities and through correspondence, TV, the internet or other electronic or distance-learning means.
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NAICS 611310 - For-Profit Universities in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The Biden administration has revamped the gainful employment (GE) rule. Under GE doctrine, for-profit universities must report low graduate debt-to-earning ratios to qualify ...
Learn about an industry's products and services, markets and trends in international trade.
Bachelor’s degrees contribute the bulk of tuition revenue for for-profit schools. Many students focus on special programs in the arts, design and healthcare.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The largest for-profit schools, like the University of Pheonix, have expanded campuses across the United States. Massive advertisement campaigns have made nationwide for-prof...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Public universities offer lower tuition than for-profit schools, but in-state students benefit the most. For-profit schools stay competitive by keeping tuition below private ...
Learn about the performance of the top companies in the industry.
Many competing for-profit companies battle it out nationwide for applicants and enrollment. A spike in school closures has reduced the number of companies, but mergers haven’...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Broad-sweeping student loan forgiveness remains in limbo. Recent initiatives, like the Saving on a Valuable Education (SAVE) Plan, help ease debt for smaller subsets of borro...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Schools have cut costs to deal with low enrollment, keeping profit relatively high. Layoffs and wage cuts have driven the cost reductions and helped schools take advantage of...
Including values and annual change:
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Key data sources in the US include:
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The market size of the For-Profit Universities in the US industry in United States is $13.9bn in 2024.
There are 180 businesses in the For-Profit Universities in the US industry in United States, which has declined at a CAGR of 3.4 % between 2019 and 2024.
The market size of the For-Profit Universities in the US industry in United States has been growing at a CAGR of 0.2 % between 2019 and 2024.
Over the next five years, the For-Profit Universities in the US industry in United States is expected to grow.
The biggest companies operating in the For-Profit Universities market in United States are Apollo Education Group Inc. and Perdoceo Education Corp
Providing college and university education on a for-profit basis (except junior colleges) and Providing professional school education on a for-profit basis (e.g. business administration, dental, law, medicine) are part of the For-Profit Universities in the US industry.
The company holding the most market share in United States is Apollo Education Group Inc..
The level of competition is high and increasing in the For-Profit Universities in the US industry in United States.