Global Program Revenue and Expense 2024 - 2026 As of 6.30.26
| Revenue | 2023-24 | 2024-25 | 2025-26 | Total |
|---|---|---|---|---|
| Tuition - Undergrad | 1,414,725 | 3,011,175 | 4,425,900 | |
| Tuition - Graduate | 627,638 | 1,610,180 | 2,237,818 | |
| Less Resident Student Enrollment | (569,536) | - | (569,536) | |
| Technology Fee | 24,800 | 79,450 | 104,250 | |
| Course Materials | 134,791 | 463,462 | 598,253 | |
| Less Prison Education Program Waivers | - | (924,719) | (924,719) | |
| Net Tuition and Fee Revenue | 1,632,418 | 5,164,267 | 6,796,685 | |
| Less Uncollected | (369,488) | (772,132) | (1,141,620) | |
| As a % | 23% | 15% | 17% | |
| Net Collected | 1,262,929 | 4,392,135 | 5,655,064 | |
| Expenses | ||||
| Course Materials | - | 134,791 | 463,462 | 598,253 |
| FT Payroll and Benefits | 303,522 | 600,626 | 904,149 | |
| Adjuncts Payroll and Benefits | 244,800 | 655,460 | 900,260 | |
| Magellan | 2,706,548 | 2,535,977 | 1,053,859 | 6,296,384 |
| Sway | 1,127,654 | 3,032,739 | - | 4,160,393 |
| Total Expenses | 3,834,202 | 6,251,829 | 2,773,407 | 12,859,438 |
| Net Surplus (Deficit) from Collected Portion | (3,834,202) | (4,988,900) | 1,618,728 | (7,204,374) |
| Additions to Cover Shortfall | ||||
| CPE Grant Funds ($7.1M) | 3,834,202 | 3,265,798 | - | 7,100,000 |
| E&G (Budget $1M) | - | - | (1,618,728) | (1,618,728) |
| Fund Balance | - | (1,723,102) | - | (1,723,102) |
| Amount Due to Magellan | Magellan | |||
| Paid to-date | 1,053,859 | |||
| Net Collected Less Paid-to-date | 3,338,276 | |||
| Contract Max | 1,579,339 | |||
| Amount Due | 525,480 | |||
Sway has billed $1,853,419.28l KSU has requested additional documentation of marketing and advertising efforts