Company: LGCY
Filing Date: 2025-09-25
Form Type: 10-K
Source: 0001493152-25-014945
Chunk: 119

Company: Legacy Education Inc.
Filing Date: 2025-09-25
Form: 10-K
Item: Item 1
Chunk 119
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 to compete effectively, our total student enrollment and revenue
could be adversely impacted.

The
postsecondary education industry is highly fragmented and increasingly competitive. Our institutions compete with traditional public
and private two-year and four-year colleges and universities, other for-profit institutions, and alternatives to higher education, such
as immediate employment and military service. Some public and private institutions charge lower tuition for courses of study similar
to those offered by our institutions due, in part, to government subsidies, government and foundation grants, tax-deductible contributions
and other financial resources not available to for-profit institutions, and this competition may increase if additional subsidies or
resources become available to those institutions. For example, a typical community college is subsidized by local or state government
and, as a result, tuition rates for associate degree programs are much lower at community colleges than at our institutions. Both the
federal government and several states have proposed programs to enable residents to attend public institutions and community colleges
for free. Our competitors may have substantially greater brand recognition and financial and other resources than we have or may be subject
to fewer regulatory burdens on enrollment and financial aid processes, which may enable them to compete more effectively for potential
students. An increase in competition could affect the success of our recruiting efforts or cause us to reduce our tuition rates and increase
our marketing and other recruiting expenses, which could adversely impact our profitability and cash flows.

Our
financial performance depends on our ability to develop awareness among, and enroll and retain, students in our institutions and programs
in a cost effective manner.

If
our institutions are unable to successfully market and advertise their educational programs, our institutions’ ability to attract
and enroll prospective students in those programs could be adversely affected. We have been investing in initiatives to improve student
experiences, retention and academic outcomes. If these initiatives do not succeed, our ability to attract, enroll and retain students
in our programs could be adversely affected. Consequently, our ability to increase revenue or maintain profitability could be impaired.
Some of the factors that could prevent us from successfully marketing our institutions and the programs that they offer include, but
are not limited to: student or employer dissatisfaction with educational programs and services; diminished access to prospective
students; our failure to maintain or expand our brand names or other factors related to our marketing or advertising practices;
FTC restrictions on contacting prospective students, Internet, mobile phone and other advertising and marketing media; costs and
effectiveness of Internet, mobile phone and other advertising programs; and