A top executive at a Washington-based computer training school said Friday that the school’s enrollment and revenues will drop by more than $1 million over the next two years as more and more Americans are forced to take computer training courses.
John R. Thompson, the CEO of Computer Science & Technology Institute (CS&T), told reporters that the cuts to the school, which trains students in computer programming and coding, will affect more than 600 students, including more than 100 in-person courses.CS&t operates more than 20 campuses in 30 states.
“I think we’ve been through a pretty significant downturn,” Thompson said.
“It’s been pretty hard on our students.
I think we’ll be in a worse financial position than we were a year ago.”
He said the school will have to trim spending by about $1.5 million next year, though he didn’t specify what that might mean.
“It’s going to be very difficult,” Thompson added.
“But we’re going to have to be in the business of supporting our students, and we’ve done a very good job doing that.”
The CS&T School of Computer & Information Sciences has about 1,000 students in the United States.
Thompson said that while enrollment in its in-state program will be affected, enrollment in out-of-state programs will not.
In addition to the in-State tuition reduction, CS&t will have a $50 million debt service payment to help defray some of the cost of its computer training.
The university has also cut back on other training programs, such as software programming, and has hired fewer people.
“We have a very limited number of positions available,” Thompson told reporters.
“We’ve hired a couple of new staff members, and the number of students is down significantly.”
In an interview with The Associated Press on Friday, CS &t said it will have more than 300 positions open next year and plans to hire more than 3,000 people next year.
It has about 2,000 full-time employees, Thompson said, though some are expected to be replaced with part-time and seasonal employees.
Thompson said that in the near term, he expects the school to cut back its inhouse programs, which train students in a variety of areas.
He said the cost savings will be realized over the course of two years.CS &t students are expected enroll in about 800 courses this school year, and students in CS&ton schools can expect to spend about $600 to $800 a month on computer training, Thompson added, estimating the total cost to the college to be $1,500 to $1:1.
The school has seen a dramatic drop in enrollment and revenue in recent years.
In 2015, enrollment was about 6,700.
In 2016, it was less than 3% of the population.CS/T students spend about 80% of their time studying computer programming, said Thompson.
They also earn an average of about $45,000 a year.
In addition to teaching computer programming classes, they also complete computer software development courses and take classes in computer security.
Some schools have been able to recover some of their losses by closing up shop or selling equipment, but not CS&ts.
The school is still one of only three computer training schools in the country that does not require students to take a certification test, according to Thompson.CS-T is one of two major computer training programs in the U.K., and one of the largest.
The other is the University of Essex in England.