Posted November 16, 2019 06:06:04Laureate, the world’s largest private-school publisher, will reduce $3,000 per year in its financial education programs, according to a document released Tuesday by the publisher’s board.
The cuts come as a result of an overall decline in enrollment, the document said.
Laureates enrollment dropped 12% in fiscal 2019 to 3,742,000, while overall enrollment rose 8% to 3.1 million.
The changes reflect its new leadership, according the document.
The company said the move would allow it to focus on expanding its education offerings.
Lauren Luskin, a spokesman for Laureate, declined to comment.
In September, Laureate cut $4.7 million from its financial literacy and professional development programs and eliminated $1.2 million in annual tuition, fees and other costs for those programs.