Strayer University
Former names
Strayer's Business College
Strayer College
MottoTransformation through Education
TypePrivate for-profit university
Established1892 (1892)
Parent institution
Strategic Education, Inc.
PresidentAndrea Backman
Students52,253
Location
Washington, D.C.
,
U.S.
Campus78 U.S. campuses
Online
WebsiteOfficial website Edit this at Wikidata

Strayer University is a private for-profit university headquartered in Washington, D.C. It was founded in 1892 as Strayer's Business College[1] and later became Strayer College,[2] before being granted university status in 1998.

Strayer University operates under the holding company Strategic Education, Inc. (Nasdaq: STRA), which was established in 1996 and rebranded in 2018 following its merger with Capella University.[3][4][5]

Strayer enrolls more than 50,000 students through both its online learning programs and 64 campuses located throughout 15 U.S. states and Washington, D.C.[6] It offers in degree programs for working adults[7] and offers undergraduate and graduate degrees in accounting, business administration, criminal justice, education, health services administration, information technology and public administration.[8][9]

History

19th century

Siebert Irving Strayer founded Strayer's Business College in Baltimore in 1892.[1] Strayer established the college to teach business skills to former farm workers,[10] including shorthand, typing and accounting.[2][11] Thomas W. Donoho joined the school in 1902.[12]

In its first decade of operations, enrollment at the school gradually increased, attracting students from other states.

20th century

In 1904, Strayer opened a branch of the school in Washington, D.C.[1][2][12]

Enrollment further expanded as demand for trained accountants grew after the passage of the Revenue Act of 1913 and World War I increased the need for federal government clerks with office skills.[2] During the 1930s, the college was authorized to grant collegiate degrees in accountancy by the Washington, D.C., board of education.[2] The school founded Strayer Junior College in 1959, when it was given the right to confer two-year degrees. In 1969, the college received the accreditation needed to grant four-year Bachelor of Arts degrees and was renamed Strayer College.[2]

From the 1980s to the late 1990s, Strayer College grew rapidly; enrollment increased from approximately 1,800 in 1981 and 2,000 in 1983,[13][14] to around 9,000 by 1997.[11] The college expanded the range of degree programs and courses it offered to include subjects such as data processing management and health care management.[13] In 1987, the college was given authorization to grant Master of Science degrees.[3]

During the 1990s, the college began to focus on offering information technology courses.[8] According to The Washington Times, high demand for computer training due to the increased use of computers in offices and movement toward "knowledge-based" employment led to higher enrollment at Strayer.[11] In addition, Strayer began providing training programs in computer information systems for companies including AT&T Corporation and government agencies such as the Internal Revenue Service.[15] In 1996, the college launched Strayer Online to offer classes via the Internet.[15][16]

In 1998, Strayer College was granted university status by the District of Columbia Education Licensure Commission and became Strayer University.[17]

21st century

Strayer University's campus in Miami

At the beginning of the 21st century, Strayer established its first campus locations outside of the Washington metropolitan area, adding campuses in Florida, Georgia, North Carolina, Pennsylvania, South Carolina, and Tennessee.[18][19][20] Since the early 21st century, Strayer has added additional campuses in Alabama, Arkansas, Delaware, Mississippi, New Jersey, Texas, and West Virginia, according to the university's website.[21]

Sondra Stallard was named the thirteenth president of Strayer University in May 2007. Stallard had been dean since 1996. Stallard previously served as dean of the school of continuing and professional studies at the University of Virginia.[22]

Strayer enrollment grew in the decade 2001–2010, from 14,009 in the fall of 2001 to 60,711 in the fall of 2010.[14] Enrollment dropped to 42,975 by 2015.[23] In 2010 the U.S. Department of Education, reported that the repayment rate of federal student loans at Strayer University was 25 percent. Strayer claimed its loan repayment rate to be 55 percent.[24][25]

In 2011, the Washington Post claimed that Strayer had a 15 percent graduation rate, listing it among the lowest college graduation rates in the Washington, D.C., area. Strayer claimed the graduation rate for its full cohort of bachelor's students was 33 percent.[26] In December 2011, it acquired the Jack Welch Management Institute from Chancellor University for about $7 million. The institute offers a fully online Executive MBA program, as well as certificate programs.[9][27][28][29] In 2012, Michael Plater was named fourteenth president of Strayer University. Previously, he served as provost and chief academic officer.[12][30]

On August 9, 2012, the syndicated comic strip Doonesbury described Strayer's unusually high executive compensation as part of a series of satirical strips on for-profit education.[31][32][33] In addition to reporting Silberman's 2009 compensation (which it described as fifty times more than Harvard's president), the strip said that in the same year that Strayer spent $1,300 per student on instruction, it spent $2,500 per student on marketing and returned $4,500 per student in profit.[14][33]

In 2013, USA Today listed Strayer University of Washington D.C. as a "red flag" institution for posting a student loan default rate that surpassed its graduation rate.[34][35] In July 2013, Strayer University contacted HSI Sterling to report suspicious activity surrounding academic transcripts and coursework.[36][37] It was later found that from November 2012 to October 2013, a Strayer University admissions official with two co-conspirators fraudulently created at least 58 official Strayer University transcripts. The conspirators were ordered to forfeit nearly $300,000 of proceeds from the fraud to the United States government.[38] In October 2013, Strayer initiated a major change in its physical operations by announcing the closure of its 20 Midwest campus locations. Strayer reported total enrollments dropped 17 percent, while new enrollments dropped 23 percent. It was announced that all students currently enrolled in programs in the Midwest at the time would be able to continue their education through Strayer's online only program offerings.[39][40]

In 2015, Brian Jones, who had previously been Strayer University's general counsel, was named its 15th president. Prior to joining Strayer University, Jones was a lawyer and higher education entrepreneur. He served as General Counsel of the U.S. Department of Education from 2001 until 2005.[41]

In January 2016, Strayer Education announced that acquired the New York Code + Design Academy (NYCDA), making it a wholly owned subsidiary of Strayer Education offering web and mobile development courses.[42] Strayer resumed expansion again in 2018 after opening a campus in Montgomery, Alabama.[43][44]

In response to the COVID-19 pandemic, Strayer temporarily closed all its campuses,[45] and began advertising heavily for people to enroll as remote students.[46] At least 18 Strayer campuses closed permanently in 2020 as a result.[47] Strayer University has reopened 50 campuses that had been closed during the COVID-19 pandemic, and stated that it would evaluate reopening additional campuses in 2022.[48]

Partnerships

Comedian and game show host Steve Harvey was a spokesperson for Strayer and has appeared in several advertisements[49][50] and spoke at Strayer's commencement ceremony in May 2015.[51] Strayer partnered with Daily Mail in February 2015 to produce a new section of the Daily Mail site named Strayer Business News. As part of the deal, Daily Mail would co-produce education and business content for its new business section.[52]

Strayer announced the launch of Strayer@Work, a new performance improvement solution for businesses in May 2015. As part of the launch, Strayer also announced a partnership with Fiat Chrysler Automobiles (FCA) to offer free college education to all participating FCA dealership employees.[53] FCA dealers pay a monthly fee to send employees to Strayer.[54][55] Strayer has educational partnerships with approximately 300 Fortune 1000 companies.[53]

In March 2017, Strayer announced a collaboration with financial news network Cheddar to produce digital entrepreneurship specialization as a part of Strayer's MBA program.[56]

In 2018, Queen Latifah became a spokesperson for Strayer.[57]

DevMountain partners with Strayer University to provide web development programs. In May 2023, DevMountain announced an expansion of its in-person coding bootcamps at Strayer University facilities.[58]

Locations

Strayer University in Morrisville, North Carolina.
Strayer's campus in Morrisville, North Carolina

More than half of the students enrolled at Strayer University take all of their courses online, and the entire bachelor's and master's degree programs can be completed via the Internet.[59][60] As of June 2019, Strayer had a total enrollment of 52,253 students.[61]

Strayer University is headquartered in Washington, D.C., with campus locations mainly in the eastern and southern regions of the U.S.[62] As of 2020, it has 64 campuses located in 15 U.S. states and Washington D.C.[6]

Academics

Admissions

The admissions requirement for undergraduate degree programs at Strayer University is a high school diploma or its equivalent. For graduate degrees (not including the Executive MBA) students must have proof of completion of a baccalaureate degree from an accredited college or university, a cumulative GPA of at least 2.50, and official transcripts from all other colleges or universities attended.[63] Admissions requirements for the Jack Welch Executive MBA program include a minimum 3.0 undergraduate GPA, a baccalaureate degree from an accredited institution in the United States, and 5 years professional experience.[64] An associate degree earned from a partner school can be transferred in its entirety toward a bachelor's degree.[65]

Academic programs and accreditation

Strayer's principal aim is to provide higher education to working adult students.[19][66] Strayer University's academic programs include undergraduate and graduate degree programs. The courses are business-focused, including courses in business administration and information technology.[8][9] Degrees can be earned in subjects such as accounting, business administration, criminal justice, education, health services administration, human resource management, information technology and public administration.[67]

Strayer University is accredited by the Middle States Commission on Higher Education, one of the six regional accrediting bodies recognized by the Department of Education.[68][69]

The Jack Welch Management Institute, named after Jack Welch, former chief executive officer of General Electric, was acquired by Strayer University in 2011 following Welch's retirement from GE. The institute offers executive MBA degrees and executive certificates covering business-related topics.[9] In September 2016, it was announced that the Jack Welch Management Institute was ranked on Princeton Review's list of Top 25 Online MBA Programs of 2017.[70][71]

In May 2017, Strayer announced that its Registered Nurse (RN) to Bachelors of Science in Nursing (BSN) program had earned accreditation by the Commission on Collegiate Nursing Education (CCNE).[72][73]

In 2020, Strayer began offering its Fellows for Justice Program Scholarship, an initiative designed to build leadership skills within students' respective communities.[74]

Faculty and students

Strayer University's total enrollment is greater than 52,000 students. The student body is predominantly women of color. Seventy-four percent of the student body is female and 76 percent are people of color. The average age is 34.[75]

Since the early 2000s, Strayer University has had a high proportion of minority students or people of color. The college has had more women students than men since the late 1990s.[15][19] According to its then-president, two thirds of its students in 2010 were women, and over half were African American or Hispanic.[76] As of 2010, the National Center for Education Statistics reports that Strayer's student body is 56 percent black, 21 percent white, and 13 percent Hispanic.[77] The majority work full-time.[68]

Many students receive financial assistance from federal government financial aid programs or education assistance programs operated by the U.S. Department of Defense and U.S. Department of Veterans Affairs. As of 2010, the U.S. federal government accounted for 84.9 percent of Strayer's revenue. Approximately one-quarter of Strayer students receive tuition assistance from their employers.[14]

Faculty

In 2012, a United States Senate committee reported that, as of 2010, 83 percent of Strayer's 2,471 faculty members were employed part-time, and not required to do research.[14][78] Strayer's online segment consists of 90 full-time instructors and 847 part-time instructors.[79]

Student outcomes

According to research from the Brookings Institution, Strayer University students hold approximately $8 billion in student loan debt, the fifth-largest among all U.S. colleges and universities.[80] The 5-year default rate of Strayer students is 31%, and the average repayment of debt after five years is -7%.[81] According to the College Scorecard, Strayer University's 8-year graduation rate varies from 3% (Arkansas) to 26% (Virginia), depending on the campus.[82] Strayer is one of several for-profit schools who has been criticized for identifying as a university, since it does not offer Ph.D. programs.[83] Most people who start their college studies at Strayer do not graduate.[46]

Alumni

Notable alumni of Strayer University include:

Strategic Education Inc.

Strategic Education Inc. is a publicly traded corporation, established as a holding company for the college and other assets in 1996. The company was created to take what was then Strayer College public and raise capital for expansion.[3]

In August 2018, Strayer Education Inc. merged with Capella Education Company to form Strategic Education, Inc.[87]

References

  1. 1 2 3 "Strayer's College". The Morning Herald. 31 August 1899. Retrieved 23 December 2011.
  2. 1 2 3 4 5 6 Eisen, Jack (12 October 1983). "Strayer College on the Move". The Washington Post. p. C2.
  3. 1 2 3 "History". Strayer Education. Strayer Education, Inc. Retrieved 30 December 2011.
  4. ↑ "Strayer Education Inc". Bloomberg Businessweek. 21 February 2012. Archived from the original on 30 July 2012. Retrieved 26 March 2012.
  5. ↑ "Home, Strategic Education, Inc". www.strategiceducation.com. Retrieved 14 June 2019.
  6. 1 2 "Form 10-k". UNITED STATES SECURITIES AND EXCHANGE COMMISSION. December 31, 2020.
  7. ↑ "Company News; Strayer Education Hires Adviser to Study Possible Sale". New York Times. February 5, 2000. Retrieved May 13, 2016.
  8. 1 2 3 Kopecki, Dawn; Beckford, Tanaya (7 July 1997). "The more analysts learn, the more they like Strayer". The Washington Times. p. D18.
  9. 1 2 3 4 Mandavia, Megha; Ananthalakshmi, A. (11 November 2011). "Strayer to buy Jack Welch's business college". Reuters. Retrieved 30 December 2011.
  10. ↑ Jennings, Jason (2005). Think big, act small: Ch.9. Strayer Education. Penguin Group (USA). p. 288. ISBN 1591840767.
  11. 1 2 3 Abrahms, Doug (1 September 1997). "Schools, pupils learn education pays off quickly". The Washington Times. p. D12.
  12. 1 2 3 Frederick N. Rasmussen (December 13, 2012). "Strayer's roots run deep in Baltimore". Baltimore Sun. Retrieved May 13, 2016.
  13. 1 2 McAllister, Elizabeth (10 January 1983). "Strayer Names New President". The Washington Post. p. 23.
  14. 1 2 3 4 5 "For Profit Higher Education: The Failure to Safeguard the Federal Investment and Ensure Student Success". U.S. Senate Committee on Health, Education, Labor, and Pensions. pp. 713–727. Archived from the original (PDF) on 29 July 2012. Retrieved 9 August 2012.
  15. 1 2 3 Powell, Jacquelyn (28 July 1997). "Today's Lesson: How to Take Learning a Long Way". The Washington Post. p. F09. Retrieved 29 December 2015.
  16. ↑ Andrejczak, Matt (2 May 1997). "'Public school' Stock offering helps Strayer fuel expansion". Washington Business Journal. p. 3.
  17. ↑ "Strayer College Attains University Status". Business Wire. 23 January 1998.
  18. ↑ Glanz, William (19 April 2004). "The business of education". The Washington Times. p. C13.
  19. 1 2 3 McNeil Hamilton, Martha (15 September 2003). "Like Its Students, Strayer Is Advancing". The Washington Post. p. E01.
  20. ↑ Eckert, Barton (16 February 2006). "Education pays off for Strayer". Washington Business Journal.
  21. ↑ "Campus Locations". strayer.edu. Strayer University. Retrieved 29 December 2015.
  22. ↑ U.Va.'s Sondra Stallard Named New President of Strayer University, May 3, 2007, Jane Paluda, UVAToday, May 12, 2016
  23. ↑ "EDGAR Pro". yahoo.brand.edgar-online.com. Retrieved 4 June 2017.
  24. ↑ "Cumulative Rates". United States Department of Education. 2009. Retrieved 15 February 2013.
  25. ↑ Gammeltoft, Nikolaj (30 August 2010). "Eisman Bets Against Strayer Education Amid Doubt About Loan-Repayment Rate". Bloomberg. Retrieved 8 July 2013.
  26. ↑ de Vise, Daniel (13 December 2011). "The 10 lowest college graduation rates in D.C., Md. and Va". The Washington Post. Retrieved 4 November 2012.
  27. ↑ "Jack Welch: Investing in Education". CNBC. 11 November 2011. Retrieved 26 January 2012.
  28. ↑ "New online MBA program approved at Strayer". Orlando Business Journal. 9 January 2012. Retrieved 26 January 2012.
  29. ↑ Eckert, Barton (11 November 2011). "Strayer Education buys Jack Welch Management Institute". Washington Business Journal. Retrieved 26 January 2012.
  30. ↑ Nicole Duhring (November 23, 2012). "In the Spotlight: Michael Plater, Strayer University". Washington Business Journal. Retrieved May 13, 2016.
  31. ↑ Holdaway, Xarissa (August 9, 2012). "Deceit and Fraud: Totally Hilarious". Chronicle of Higher Education.
  32. ↑ Fain, Paul (August 10, 2012). "Discounts at For-Profits?". Inside Higher Ed.
  33. 1 2 Trudeau, Garry (9 August 2012). "Doonesbury". Retrieved 9 August 2012.
  34. ↑ Marklein, Mary Beth (2 July 2013). "College default rates higher than grad rates". USA Today. Retrieved 20 April 2014.
  35. ↑ "Bad Student Debt High as Collection Efforts Surge". The New York Times. 8 September 2012. Retrieved 2023-04-14.
  36. ↑ "McLean Business Managers And Strayer University Official Convicted, Sentenced For Large-Scale Immigration Fraud". www.justice.gov. 2015-03-18. Retrieved 2020-05-13.
  37. ↑ "Business managers, school official convicted, sentenced for immigration fraud". www.ice.gov. Retrieved 2020-05-13.
  38. ↑ "McLean Business Managers and Strayer University Official Convicted, Sentenced for Large-Scale Immigration Fraud". Department of Justice. August 22, 2014. Retrieved August 5, 2016.
  39. ↑ "Strayer Education, Inc. Reports Third Quarter 2013 Revenues and Earnings; Fall Term 2013 Enrollments; and Additional Cost Reduction Initiatives". The Wall Street Journal. 31 October 2013.
  40. ↑ Clabaugh, Jeff (31 Oct 2013). "Strayer cutting jobs, closing campuses". Washington Business Journal. Retrieved 11 Aug 2014.
  41. ↑ Scott Jaschik (April 2, 2010). "For-Profit, for African-Americans?". Inside Higher Ed. Retrieved May 13, 2016.
  42. ↑ "Strayer Education Buys New York Code and Design Academy". Zacks. January 18, 2016. Retrieved May 1, 2017.
  43. ↑ "Bucking the Trend". Insider Higher Ed. Retrieved 23 October 2018.
  44. ↑ "Strayer University opens third Alabama campus". Retrieved 23 October 2018.
  45. ↑ "Strategic Education Says All Strayer University Campuses Will Be Closed Starting On Monday". Reuters. March 18, 2020.
  46. 1 2 Butrymowicz, Sarah; Kolodner, Meredith (2020-06-17). "For-Profit Colleges, Long Troubled, See Surge Amid Pandemic". The New York Times. ISSN 0362-4331. Retrieved 2023-04-14.
  47. ↑ "Closed School Weekly/Monthly Reports". www2.ed.gov. US Department of Education. Retrieved 10 May 2021.
  48. ↑ "Strategic Education, Inc. Reports Fourth Quarter 2021 Results". www.sec.gov. 25 February 2022.
  49. ↑ "Strayer University Success Project | Steve Harvey". Archived from the original on 2014-08-22. Retrieved 2015-02-06.
  50. ↑ Strayer University Partners with Steve Harvey to Launch 'Success Project', July 28, 2014, University Herald, May 10, 2016
  51. ↑ Maya Rudolph Channels Beyonce for Tulane Graduation Speech, May 19, 2015, Luchina Fisher, ABC News, May 10, 2016
  52. ↑ Mike Shields (February 10, 2015). "Strayer University Taps Daily Mail For Elaborate Year-long Branded Content Deal". Wall Street Journal. Retrieved May 13, 2016.
  53. 1 2 Retailers cheer FCA's free college program for U.S. dealerships, Larry P. Vellequette, May 11, 2015, Automotive News, May 12, 2016
  54. ↑ Want To Go To College For Free? Work For A Chrysler Dealer, Dale Buss, May 17, 2015, Forbes, May 12, 2016
  55. ↑ Anthem joins growing roster of companies offering free college tuition to employees, Claire Zillman, June 2, 2015, Fortune, May 12, 2016
  56. ↑ Max Willens (May 8, 2017). "Why Cheddar is making classes for Strayer University". DigiDay. Retrieved January 4, 2018.
  57. ↑ 1 minute read (27 June 2018). "Queen Latifah Inspires Strayer Grads". The Washington Informer. Retrieved 2019-06-14.{{cite web}}: CS1 maint: numeric names: authors list (link)
  58. ↑ "Devmountain Announces Expansion of In-Person Coding Bootcamps at Strayer University Facilities". Market Screener. 23 May 2023.
  59. ↑ Jordan, Brendan (4 October 1999). "Strayer U. offers an education online". The Carletonian.
  60. ↑ "Strayer Education, Inc. Reports Fourth Quarter and Full Year 2012 Revenues and Earnings; and Winter Term 2013 Enrollments; and CEO Succession Plans". Strayer Education, Inc. 14 February 2013. Retrieved 21 March 2013.
  61. ↑ "10K". www.sec.gov. Securities and Exchange Commission. Retrieved 2 August 2019.
  62. ↑ "Strayer University Expands To Georgia With Two Campuses In Atlanta". Atlanta Inquirer (Georgia). 7 August 2004. p. 9.
  63. ↑ "What's Needed For Admission". Strayer University. Retrieved January 4, 2018.
  64. ↑ "Requirements For Applicants". Jack Welch Management Institute. Retrieved January 4, 2018.
  65. ↑ "Will My Credits Transfer?". Strayer University. Retrieved January 4, 2018.
  66. ↑ Kubin, Jacquie (9 November 1998). "A Higher Calling". The Washington Times. p. F6.
  67. ↑ "Never Too Late: Back-to-School Lessons Parents Returning to College Can Teach Their Children". Business Wire. Strayer University. 8 September 2011.
  68. 1 2 Knight, Jerry (9 July 2001). "Learning From Strayer's Ron Bailey". The Washington Post. p. E01.
  69. ↑ Cass, Michael (8 January 2003). "Working adults to get new option for college". The Tennessean. p. 2B.
  70. ↑ Jeanna Schnuer. "Top 25 Online MBA Programs for 2016, According to the Princeton Review". Entrepreneur. Retrieved November 11, 2016.
  71. ↑ "Jack Welch Management Institute". The Princeton Review. Retrieved November 11, 2016.
  72. ↑ "Strayer University's Online Bachelor of Science in Nursing (RN to BSN) Program Accredited by the Commission on Collegiate Nursing Education". The New York Times. May 30, 2017. Retrieved July 6, 2017.
  73. ↑ "Bacelor of Science in Nursing" (PDF). Strayer University. Archived from the original (PDF) on February 21, 2016. Retrieved July 6, 2017.
  74. ↑ Onyeneho, Laura (23 April 2023). "Local Fellow for Justice makes impact in Houston". Defender.
  75. ↑ "Student Body Diversity". studenthandbook.strayer.edu. Strayer University. Retrieved 14 November 2021.
  76. 1 2 Silberman, Robert S. (24 August 2010). "Judge universities on merit, not funding models". The Washington Post. Retrieved 10 August 2012.
  77. ↑ "School - College Scorecard". collegescorecard.ed.gov. Retrieved 14 June 2019.
  78. ↑ "Strayer University Catalog" (PDF). Strayer University. 2013. Archived from the original (PDF) on 17 May 2013. Retrieved 20 April 2013.
  79. ↑ "Strayer University-Global Region". College Navigator. US Department of Education. Retrieved 2 August 2019.
  80. ↑ https://www.brookings.edu/wp content/uploads/2015/08/Chart_LooneyYannelis_StudentLoanDefaults.png
  81. ↑ https://www.brookings.edu/wp-content/uploads/2016/07/StudentLoanDefaults_Looney_FINAL.pdf
  82. ↑ "Strayer University". collegescorecard.ed.gov. US Department of Education. Retrieved 14 November 2021.
  83. ↑ Carey, Kevin (2016-03-21). "Donald Trump Isn't Alone in Exploiting the Word 'University'". The New York Times. ISSN 0362-4331. Retrieved 2023-04-14.
  84. ↑ Dan Steinberg (June 25, 2015). "Charles Mann gets his college degree, 32 years after Redskins drafted him". The Washington Post. Retrieved February 3, 2017.
  85. ↑ "Newspaper Archive". Cumberland Times-News. 6 May 2005. Retrieved 31 August 2018.
  86. ↑ "TOS Contributors". The Objective Standard. Retrieved 9 May 2014.
  87. ↑ "Strayer and Capella Merger Finalized". Retrieved 4 October 2018.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.