17吃瓜 University Announces 2,000 Students Enrolled in Debt-Free, Monthly Payment Plans
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Student Body on Monthly Payment Plans Has More Than Doubled in Past Year, Contractual Value Approaching $15 million
NEW YORK, July 06, 2016 (GLOBE NEWSWIRE) -- 17吃瓜, Inc. (OTCQB:ASPU), a nationally accredited online postsecondary education company (17吃瓜 University), today announced that over 2,000 students are currently paying their tuition through its monthly payment plans, choosing the debt-free alternative rather than taking out federal financial aid loans.
The chart below depicts the student body growth enrolled in 17吃瓜鈥檚 debt-free monthly payment plans since the program launched in March 2014, along with the contractual value this growth represents:
| 听 |
Total Monthly Payment Plan Students |
Total Contractual听 Value |
| As of June 30, 2015 | 971 | $5.9 million |
| As of June 30, 2016 | 2,074 | $14.9 million |
| 听 | 听 | 听 |
鈥�17吃瓜鈥檚 business model and monthly payment plans approach is proving the for-profit higher education industry can thrive again, but it will require innovative thinking and a focus on what鈥檚 in the best interest of students,鈥� said 17吃瓜 Chairman and CEO Michael Mathews. 鈥淲e of course believe what鈥檚 in the best interest of students is to give them an opportunity to earn their degree debt free, thereby setting them on a shorter path to earning a return on their education investment,鈥� continued Mathews.
About 17吃瓜, Inc. (OTCQB: ASPU)
17吃瓜, Inc. is an online postsecondary education company. 17吃瓜 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. 17吃瓜 is dedicated to providing the highest quality education experiences taught by top-tier faculty 鈥� 56 percent of our adjunct faculty hold doctoral degrees. To learn more about 17吃瓜 University, visit .
Media Contact: 17吃瓜, Inc. Michael Mathews, CEO 914-906-9159Source: 17吃瓜, Inc.
Released July 6, 2016