Jack Cole's questions to ASPEN GROUP (ASPU) leadership • Q1 2023
Question
Jack Cole, on behalf of Craig-Hallum Capital Group, asked about the drivers behind increased instructional costs, whether the company faced hiring difficulties, and how the Atlanta campus's enrollment is tracking compared to other locations.
Answer
CEO Michael Mathews clarified that the rise in instructional costs was due to double cohorts in Phoenix and growth in USU's FNP program, not wage inflation or hiring challenges. He affirmed that the company has had no difficulty hiring necessary faculty and has not seen a decrease in demand for advanced nursing degrees. Mathews also reported that the Atlanta campus is tracking well, with performance similar to the Austin metro.