“Online education enterprises at U.S. colleges and universities are experiencing significant growth in both budgets and revenue generation, even as they face mounting pressure to offset institutional funding shortfalls, according to a new national survey released by UPCEA, the online and professional education association.
The 2025 Benchmarking Online Enterprises Survey (BOnES), which gathered data from 121 institutions primarily at public research universities, reveals that median budgets for online enterprises increased by $1 million between 2024 and 2025, while median gross revenue jumped by $4.3 million to $11 million during the same period.”