An annual financial document filed last week with the federal government by National American University shows the Rapid City-based for-profit college is in a fiscal downward spiral, dwindling from over 8,000 to 5,600 students in two years.
According to its Securities and Exchange Commission annual report filed Sept. 13, NAU posted an operating loss of $11.5 million in the 2018 fiscal year that ended May 31. The school has seen a 30 percent drop in enrollment in its undergraduate and graduate classes across 24 campus locations in 10 states and online since 2016.
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