XML 43 R23.htm IDEA: XBRL DOCUMENT v3.25.0.1
Concentration
12 Months Ended
Dec. 31, 2024
Risks and Uncertainties [Abstract]  
Concentration Concentration
Students utilize various payment sources and programs to finance their education expenses, including funds from: Department of Defense, or DoD, TA programs, education benefit programs administered by the U.S. Department of Veteran’s Affairs, or VA, and federal student aid from Title IV programs, as well as cash and other sources. As of December 31, 2024, approximately 65% of APUS students self-reported that they served in the military on active duty at the time of initial enrollment. Active-duty military students generally take fewer courses per year on average than non-military students.
A summary of APUS Segment revenue derived from students by primary funding source is as follows:

Year Ended December 31,
202220232024
DoD tuition assistance programs47%48%46%
VA education benefits21%22%24%
Title IV programs18%17%17%
Cash and other sources13%13%13%

A summary of RU Segment revenue derived from students by primary funding source is as follows:

Year Ended December 31,
202220232024
Title IV programs74%75%76%
Cash and other sources24%23%22%
VA education benefits2%2%2%
    
A summary of HCN Segment revenue derived from students by primary funding source is as follows:

Year Ended December 31,
202220232024
Title IV programs80%82%84%
Cash and other sources18%16%15%
VA education benefits2%2%1%
Reductions in or changes to TA, VA education benefits, Title IV programs and other payment sources could have a significant impact on the Company’s operations and financial condition.