Key Demand Trends and Observations - Overall inquiry volumes continue to decline 8%. - But, trends are strongly diverging by segment. – External inquiries dropped 15%, but Branded inquiries rose 8%. – Inquiries for on-campus programs fell 11%, while inquiries for online jumped 21%. – Conversions on-campus fell 20%, but online programs are up over 50%. - Human Services continues to be the fastest-growing program. - Employment for Liberal Arts majors is more promising than thought. – Liberal Arts graduates are employed in many fields. – Median salaries for many programs are above the national average.