FRAMINGHAM, Mass., March 11-- The Princeton Review, Inc. (Nasdaq: REVU),
a leading provider of test preparation and online career education
services announced today the creation of a Community College Division
to operate a new innovative venture with community colleges to expand
distance and hybrid learning opportunities in the allied health care
field.
Community College Partnerships
With
the acquisition of Penn Foster late last year, The Princeton Review
made a major expansion into career education. Among the fastest growing
programs in the career education marketplace are those degree programs
that prepare students for careers in allied health care. Many of the
nation's community colleges have long waiting lists for programs as
diverse as nursing, occupational therapy and radiologic technology. In
many cases, these colleges cannot meet the demand of their communities
for skilled professionals in these disciplines because they do not have
access to capital to expand the facilities to meet student demand. Nor
do they have the resources to invest in the types of distance learning
technologies that learners need and have come to expect from post
secondary institutions.
The Princeton Review has agreed to partner with Bristol Community College, which services southeastern Massachusetts, including New Bedford and Fall River,
to create a new Allied Health Care Initiative. By the fall of 2010 the
Initiative expects to be offering new degree programs in general health
science, medical information and coding, and massage therapy. Over the
next several years the Initiative intends to expand its offering to
include such programs as nursing and radiologic technology.
The new Allied Health Care Initiative will provide students with access to a state-of-the-art facility in New Bedford
that will expand the regional capacity to educate healthcare workers
and give them a quick path to a new career in health care while
maintaining Bristol Community College's
high standards of academic rigor. After developing this initial
venture, The Princeton Review expects to expand this program around Massachusetts
and several other states around the country. The Company is currently
in various stages of discussion with colleges in four other states.
A formal signing of an agreement in principle with Bristol Community College is expected to be made this month in New Bedford with local and state officials.
About The Princeton Review, Inc.
The Princeton Review (Nasdaq: REVU)
has been a pioneer and leader in helping students achieve their higher
education goals for more than 25 years through college and graduate
school test preparation and private tutoring. With more than 165 print
and digital publications and a free website, www.PrincetonReview.com,
the Company provides students and their parents with the resources to
research, apply to, prepare for, and learn how to pay for higher
education. The Princeton Review partners with schools and guidance
counselors throughout the U.S. to assist in college readiness, test
preparation and career planning services, helping more students pursue
postsecondary education. The Company also owns and operates Penn Foster
Education Group, a global leader in online education. Penn Foster
provides career-focused degree and vocational programs in the fields of
allied health, business, technology, education, and selects trades.
Nationally and regionally accredited Penn Foster High School and Penn
Foster Career School (www.pennfoster.edu) are headquartered in Scranton, PA.
SOURCE The Princeton Review, Inc.
