Capella U works to turn around flagging grades

Once among the hottest startups in town, the online university today is struggling with declining enrollment and new competition. The company's chief exec tells the Star Tribune the school has a new strategy, which includes changes in how it recruits, retains and supports students.
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Once among the hottest startups in town, the online university today is struggling with declining enrollment and new competition. The company's chief exec tells the Star Tribune the school has a new strategy, which includes changes in how it recruits, retains and supports students.

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Capella University will lay off 65 workers

The online school is letting go of about 4 percent of its non-faculty workforce. The company says in a news release that a move away from third-party marketing has left it with excess capacity. The Business Journal reports the company has seen enrollment decline recently.

Capella Education reports net income fell 25 percent in 2Q

The Minneapolis-based for-profit education provider reports total active student enrollment in the second quarter fell 4.6 percent and new enrollment declined by 6 percent. Capella says third-quarter enrollment could increase for the first time in nearly two years.

Capella Education's net profit plummets 49 percent in third-quarter

Capella Education, the parent company of the for-profit Capella University, says its third-quarter net income was $5.1 million, down nearly 50 percent compared to the $9.9 million it earned in the July-September quarter last year, the Associated Press reports. Even as total enrollment, revenue and net income fell, new student enrollment at the Minneapolis-based provider of online post-secondary education rose 10.5 percent compared to last year -- the first increase in nearly two years, Reuters reports.

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The University of Minnesota's Humphrey School of Public Affairs analyzed the speeches at the party conventions, looking at considerations such as sentence length and polysyllabic words. First Lady Michelle Obama's speech came in at a 12th grade level. That was by far the highest among presidential candidate's spouses since they started giving convention speeches 20 years ago. Higher than her husband's eighth-grade level State of the Union speeches, too.

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