The Great Reset, education edition (hi future)

Arlington-based Strayer Education Inc., hoping to curb declining enrollment, will cut tuition for new undergraduate students by as much as 40 percent.

Strayer will give all new students 20 percent off tuition at enrollment, and is offering a program called Tuition Awards, which will cover the cost of one class for every three a student successfully completes.

…Total enrollment at Strayer University for the fall term fell 17 percent, while new enrollments were down 23 percent.

Strayer (NASDAQ: STRA) is also reducing its workforce by 20 percent and closing 20 physical campuses within the next six months.

It is no surprise for many of these changes to start at the lower end of the market, just as the financial crisis started with subprime.  Here is more, and for the pointer I thank Carrie Conko.