FORM 10-Q

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

             QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                  For the quarterly period ended June 30, 2000


                         Commission File Number 1-13722

                          WHITMAN EDUCATION GROUP, INC.


          Florida                                       22-2246554
          -------                                       ----------
(State of Other Jurisdiction of                      (I.R.S. Employer
Incorporation or Organization)                       Identification Number)


                 4400 Biscayne Boulevard, Miami, Florida 33137
                 ----------------------------------------------
                    (Address of Principal Executive Offices)

                                (305) 575-6510
                                ---------------
              (Registrant's Telephone Number, Including Area Code)


         Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the  Securities  Exchange  Act of
1934  during  the  preceding  12 months  (or for such  shorter  period  that the
registrant was required to file such reports),  and (2) has been subject to such
filing requirements for the past 90 days.

                              Yes  X     No
                                 -----     -----

         Indicate the number of shares  outstanding of each of issuer's  classes
of common stock, as of the latest practicable date.

         As of August 3, 2000,  there  were  13,334,917  shares of common  stock
outstanding.


                                       1
<PAGE>


                          WHITMAN EDUCATION GROUP, INC.
                                    Form 10-Q
                                  June 30, 2000


                                TABLE OF CONTENTS


                                                           Page

PART I - FINANCIAL INFORMATION

Item 1.    Financial Statements..........................   3
Item 2.    Management's Discussion and
           Analysis of Financial Condition
           and Results of Operations.....................   8


PART II - OTHER INFORMATION

Item 1.    Legal Proceedings.............................   13
Item 6.    Exhibits and Reports on Form 8-K..............   13



                                       2
<PAGE>



                         PART I - FINANCIAL INFORMATION


Item 1.    Financial Statements


                 WHITMAN EDUCATION GROUP, INC. AND SUBSIDIARIES
                      CONDENSED CONSOLIDATED BALANCE SHEETS
<TABLE>
<CAPTION>
                                                      June 30,        March 31,
                                                        2000            2000
                                                    ------------    ------------
                                                    (Unaudited)
<S>                                                  <C>             <C>
ASSETS
Current assets:
 Cash and cash equivalents.....................     $   412,023     $ 6,056,738
 Accounts receivable, net......................      26,089,986      26,198,803
 Inventories...................................       1,321,601       1,409,449
 Deferred tax assets, net......................       3,376,787       2,800,968
 Other current assets..........................       1,919,866       1,830,882
                                                    ------------    ------------
  Total current assets.........................      33,120,263      38,296,840
Property and equipment, net....................      11,773,037      11,284,404
Deposits and other assets, net.................       3,313,802       3,351,370
Goodwill, net..................................       9,522,112       9,593,841
                                                    ------------    ------------
  Total assets.................................     $57,729,214     $62,526,455
                                                    ============    ============
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
 Accounts payable..............................     $ 1,685,898     $ 1,345,738
 Accrued expenses..............................       4,994,167       5,731,883
 Current portion of capitalized
  lease obligations............................       1,513,761       1,454,792
 Deferred tuition revenue......................      21,048,985      21,589,823
                                                    ------------    ------------
  Total current liabilities....................      29,242,811      30,122,236
Capitalized lease obligations..................       3,701,464       3,561,818
Long-term debt.................................       4,493,658       7,557,447
Commitments and contingencies
Stockholders' equity:
  Common stock, no par value,
   authorized 100,000,000 shares;
   issued and outstanding 13,334,917 shares
   at June 30, 2000 and 13,412,455 shares
   at March 31, 2000...........................      21,939,335      22,067,271
  Additional paid-in capital...................         674,173         674,173
  Accumulated deficit..........................      (2,322,227)     (1,456,490)
                                                    ------------    ------------
   Total stockholders' equity..................      20,291,281      21,284,954
                                                    ------------    ------------
   Total liabilities and
    stockholders' equity.......................     $57,729,214     $62,526,455
                                                    ============    ============
</TABLE>
                 See accompanying notes to financial statements.


                                       3
<PAGE>


                 WHITMAN EDUCATION GROUP, INC. AND SUBSIDIARIES
                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (UNAUDITED)
<TABLE>
<CAPTION>
                                               FOR THE THREE MONTHS ENDED
                                                         JUNE 30,
                                           ---------------------------------
                                                2000               1999
                                           --------------     --------------
<S>                                        <C>                <C>
Net revenues.........................      $  18,879,430      $  17,990,547
Costs and expenses:
   Instructional and
     educational support.............         12,888,358         12,838,997
   Selling and promotional...........          3,269,728          2,628,693
   General and administrative........          3,085,062          3,085,134
                                           --------------     --------------
Total costs and expenses.............         19,243,148         18,552,824
                                           --------------     --------------
Loss from operations.................           (363,718)          (562,277)
Other (income) and expenses:
   Interest expense..................            222,455            284,380
   Interest income...................            (84,568)           (72,297)
                                           --------------     --------------
Loss before income tax
   benefit and cumulative
     effect of change in
     accounting principle............           (501,605)          (774,360)
Income tax benefit...................            199,839            308,505
                                           --------------     --------------
Loss before cumulative
   effect of change in
     accounting principle............           (301,766)          (465,855)
Cumulative effect of
   change in accounting
     principle, net of tax...........           (563,971)               -
                                           --------------     --------------
Net loss.............................      $    (865,737)     $    (465,855)
                                           ==============     ==============
Net loss per share
(basic and diluted):
   Loss before cumulative
     effect of change in
     accounting principle............      $        (.02)     $        (.03)
   Cumulative effect of
     change in accounting
     principle, net of tax...........               (.04)                -
                                           --------------     --------------
 Net loss............................      $        (.06)     $        (.03)
                                           ==============     ==============
Weighted average common
   shares outstanding:
     Basic and diluted...............         13,367,183         13,427,663
                                           ==============     ==============
</TABLE>
                 See accompanying notes to financial statements.


                                       4
<PAGE>


                 WHITMAN EDUCATION GROUP, INC. AND SUBSIDIARIES
                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)
<TABLE>
<CAPTION>
                                                     FOR THE THREE MONTHS ENDED
                                                              JUNE 30,
                                                     ---------------------------
                                                         2000           1999
                                                     ------------   ------------
<S>                                                  <C>            <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss..........................................   $  (865,737)   $  (465,855)
Adjustments to reconcile net loss to
   net cash (used in) provided by
   operating activities:
   Depreciation and amortization..................     1,005,580      1,100,630
   Bad debt expense...............................       874,466        797,388
   Deferred tax benefit...........................      (575,819)      (308,505)
   Changes in operating assets and
   liabilities:
     Accounts receivable..........................      (765,649)     4,371,083
     Inventories..................................        87,848        102,435
     Other current assets.........................       (88,984)      (430,340)
     Deposits and other assets....................        36,608       (116,053)
     Accounts payable.............................       340,160         21,089
     Accrued expenses.............................      (737,716)       404,816
     Income taxes payable.........................          -          (898,664)
     Deferred tuition revenue.....................      (540,838)    (4,383,704)
     Other liabilities............................          -           (64,853)
                                                     ------------   ------------
Net cash (used in) provided by
operating activities..............................    (1,230,081)       129,467
                                                     ------------   ------------
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment................      (765,731)      (143,842)
                                                     ------------   ------------
Net cash used in investing activities.............      (765,731)      (143,842)
                                                     ------------   ------------
Cash flows from financing activities:
Proceeds from line of credit
   and long-term borrowings ......................     5,436,211     15,040,902
Principal payments on line of
   credit, long-term borrowings, capital
   lease obligations and other liabilities........    (8,957,178)   (17,824,122)
Purchase of common stock..........................      (127,936)          -
                                                      -----------   ------------
Net cash used in financing activities.............    (3,648,903)    (2,783,220)
                                                      -----------   ------------

Decrease in cash and cash equivalents.............    (5,644,715)    (2,797,595)
Cash and cash equivalents at beginning of year....     6,056,738      4,267,110
                                                      -----------   ------------
Cash and cash equivalents at end of year..........    $  412,023    $ 1,469,515
                                                      ===========   ============
SUPPLEMENTAL DISCLOSURES OF NONCASH
FINANCING AND INVESTING ACTIVITIES:
Equipment acquired under capital leases...........    $  655,793    $   503,254
                                                      ===========   ============
SUPPLEMENTAL DISCLOSURES OF CASH
FLOW INFORMATION:
Interest paid.....................................    $  209,946    $   313,812
                                                      ============  ============
Income taxes paid.................................    $     -       $ 1,266,287
                                                      ============  ============
</TABLE>
                 See accompanying notes to financial statements.


                                        5
<PAGE>

                 WHITMAN EDUCATION GROUP, INC. AND SUBSIDIARIES
        NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)


1.       GENERAL

     The accompanying unaudited condensed consolidated financial statements have
been  prepared  in  accordance  with the  instructions  to Form 10-Q and, in the
opinion of the management of Whitman,  include all  adjustments,  which are of a
normal recurring nature, necessary for a fair presentation of financial position
and the results of operations and cash flows for the periods presented. However,
the financial  statements do not include all information and footnotes  required
for a presentation in accordance with generally accepted accounting  principles.
These condensed  consolidated financial statements should be read in conjunction
with the  consolidated  financial  statements and the notes thereto  included or
incorporated  by  reference  in Whitman's  Form  10-K  for the fiscal year ended
March 31, 2000. The  results  of operations  for  the  interim periods  are  not
necessarily  indicative  of  the  results  of  operations to be expected for the
full year.

     The  accompanying  financial  statements  include  the  accounts of Whitman
Education Group, Inc., and its wholly-owned  subsidiaries,  Ultrasound Technical
Services,  Inc. ("Ultrasound  Diagnostic Schools"),  Sanford Brown College, Inc.
("Sanford-Brown College") and CTU Corporation ("Colorado Technical University").
All  intercompany  accounts and transactions  have been  eliminated.  Hereafter,
reference to "Whitman" shall include  collectively Whitman Education Group, Inc.
and its operating  subsidiaries,  Ultrasound  Diagnostic Schools,  Sanford-Brown
College and Colorado Technical University.

     Whitman experiences seasonality in its quarterly results of operations as a
result  of  changes  in the  level of  student  enrollment.  New  enrollment  in
Whitman's  schools  tends to be lower in the first and  second  fiscal  quarters
covering the summer months which are  traditionally  associated with recess from
school. Costs are generally not significantly affected by the seasonable factors
on a quarterly  basis.  Accordingly,  quarterly  variations in net revenues will
result in fluctuations in income from operations on a quarterly basis.

2.       RECLASSIFICATION

     Certain prior year amounts have been  reclassified to conform to the fiscal
2001 presentation. These changes had no effect on previously reported net loss.


3.       NEW ACCOUNTING PRONOUNCEMENT

     The Securities  and Exchange  Commission  ("SEC")  issued Staff  Accounting
Bulletin No. 101, "Revenue  Recognition in Financial  Statements" ("SAB 101") in
December 1999. Prior to the release of SAB 101, our revenue  recognition  policy
was in compliance with generally accepted accounting  principles.  Whitman began
following the guidance  provided by SAB 101 effective April 1, 2000 and recorded
a  cumulative  effect  of a change  in  accounting  principle  of  approximately
$564,000,  net of taxes of  approximately  $376,000,  for the three months ended
June 30, 2000. In conformity  with SAB 101,  Whitman changed the method by which
it recognizes revenue for laboratory and registration fees charged to a student.
Previously,  laboratory and registration  fees were recognized as revenue at the
beginning  of an  academic  term or year,  as  applicable.  As of April 1, 2000,

                                       6
<PAGE>


                 WHITMAN EDUCATION GROUP, INC. AND SUBSIDIARIES
        NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

3.       NEW ACCOUNTING PRONOUNCEMENT  - CONTINUED

Whitman  began  recognizing  revenue for these fees  ratably over the life of an
education  program.  Pro forma net loss and net loss per share amounts,  for the
three  months  ended June 30, 1999,  assuming  the new  accounting  principle is
applied retroactively are $331,271 and $.02, respectively.



4.       EARNINGS PER SHARE

     For the three months  ended June 30, 2000 and June 30,  1999,  there was no
difference between basic and diluted earnings per share.


5.       COMPREHENSIVE LOSS

     In fiscal 1999, Whitman adopted Statement of Financial Accounting Standards
No. 130, "Reporting  Comprehensive  Income." Statement 130 establishes new rules
for the  reporting  and  display of  comprehensive  income  and its  components.
Statement   130   requires    unrealized    gains   or   losses   on   Whitman's
available-for-sale  securities,  which  prior  to  its  adoption  were  recorded
separately  in  stockholders'  equity,  to be included  in "other  comprehensive
loss."

     For the  three  months  ended  June  30,  2000 and  June  30,  1999,  total
comprehensive losses were $865,737 and $465,855, respectively.

6.       DEBT

     On May 28, 1999,  Whitman entered into an $8.5 million line of credit which
is secured by all of the assets of  Whitman.  The  interest  rate on the line of
credit is  variable  and is equal to the sum of 2.90% and the 30-day  commercial
paper  rate.  On May 15,  2000,  the  maturity  date on the line of  credit  was
extended from October 1, 2000 to June 30, 2002.


7.       CONTINGENCIES

     In May 2000,  Whitman (in conjunction with its insurance  carriers) reached
an agreement in principle to settle the previously  reported case styled Cullen,
et. al. v. Whitman Education Group, Inc., et. al., in the United States District
Court for the  Eastern  District of Pennsylvania  (Civil Action No. 98-CV-4076).
The  settlement  agreement,  which was signed by the parties  and  preliminarily
approved  by the  Court,  covers  students  who  attended  Whitman's  Ultrasound
Diagnostic  Schools any time from August 1, 1994 to August 1, 1998 in either the
general  ultrasound  program  or  the  non-invasive   cardiovascular  technology
program.  As a result of the proposed  settlement,  Whitman recorded a one-time,
after-tax  charge to earnings of approximately  $900,000,  or $0.07 per share in
the  fiscal  quarter  ended  March 31,  2000.  Although  management  denied  the
allegations  of the  lawsuit,  and believed  the key  allegations  to be without
merit,   Whitman  entered  into  the  settlement  to  resolve  litigation  in  a
satisfactory business manner, to avoid disruption of Whitman's business,  and to
allow  Whitman  to pursue its  mission of  providing  quality  education  to its
enrolled students.


                                       7
<PAGE>

                 WHITMAN EDUCATION GROUP, INC. AND SUBSIDIARIES
        NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

8.       SEGMENT AND RELATED INFORMATION

     In fiscal 1999,  Whitman  adopted the  provisions of Statement of Financial
Accounting  Standards No. 131,  "Disclosures  About Segments of an  Enterprise."
Whitman is organized by two reportable segments,  the University Degree Division
and the Associate Degree Division through three wholly-owned  subsidiaries.  The
University  Degree  Division  primarily  offers  bachelor,  master and doctorate
degrees through  Colorado  Technical  University.  The Associate Degree Division
offers  associate  degrees and diplomas or  certificates  through  Sanford-Brown
College and Ultrasound Diagnostic Schools.

     Whitman's  revenues are not  materially  dependent on a single  customer or
small group of customers.

     Summarized financial information concerning the Whitman reportable segments
is shown in the following table:
<TABLE>
<CAPTION>

                                                 FOR THE THREE MONTHS ENDED
                                                          JUNE 30,
                                                --------------------------------
                                                      2000             1999
                                                --------------    --------------
<S>                                             <C>               <C>
Net revenues:
      Associate Degree Division...........      $  14,185,115     $  13,096,581
      University Degree Division..........          4,694,315         4,893,966
                                                --------------    --------------
      Total ..............................      $  18,879,430     $  17,990,547
                                                ==============    ==============
Loss before income tax benefit
   and cumulative effect of change
   in accounting principle:
      Associate Degree Division...........      $    (598,589)    $    (254,798)
      University Degree Division..........            620,051           100,611
      Other...............................           (523,067)         (620,173)
                                                --------------    --------------
      Total...............................      $    (501,605)    $    (774,360)
                                                ==============    ==============

                                                June 30, 2000     March 31, 2000
                                                -------------     --------------
Total assets:
      Associate Degree Division...........      $  45,410,351     $  49,223,023
      University Degree Division..........          9,213,959        11,152,738
      Other...............................          3,104,904         2,150,694
                                                -------------     --------------
      Total...............................      $  57,729,214     $  62,526,455
                                                =============     ==============
</TABLE>

ITEM 2.    MANAGEMENT'S DISCUSSION AND ANALYSIS
           OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

     The following  discussion and analysis  should be read in conjunction  with
the  consolidated  financial  statements  of Whitman,  the related  notes to the
consolidated  financial  statements and Management's  Discussion and Analysis of
Financial  Condition and Results of Operations  included in Whitman's  Form 10-K
for the year  ended  March 31,  2000 and the  condensed  consolidated  financial
statements  and  the  related  notes  to the  condensed  consolidated  financial
statements  included in Item 1 of this Quarterly Report on Form 10-Q. Except for
the historical  matters  contained  herein,  statements  made in this report are
forward-looking  and are made  pursuant  to the safe  harbor  provisions  of the
Securities  Litigation Reform Act of 1995. Such statements may include,  but are


                                       8
<PAGE>


ITEM 2.    MANAGEMENT'S DISCUSSION AND ANALYSIS
           OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS - (CONTINUED)

not limited to,  projections of revenues,  income and cash flows,  and Whitman's
financing  needs and plans for future  operations.  Investors are cautioned that
forward-looking  statements involve risks and uncertainties,  including, but not
limited to, regulatory,  licensing and accreditation risks inherent in operating
proprietary   postsecondary   educational   institutions,   risks   relating  to
unanticipated  attrition  or  reductions  in  student  enrollment,   risks  that
marketing efforts may not achieve anticipated  results,  risks that new programs
may not be implemented  on a timely basis or be successful,  which may cause our
actual  results,  performance  or  achievements  to differ  materially  from the
forward-looking  statements  made in the report or  otherwise  made by or on our
behalf.  Other  factors  that may  affect  our future  results  include  certain
economic,  competitive,  governmental and other factors discussed in our filings
with the  Securities and Exchange  Commission.  We assume no  responsibility  to
update forward-looking statements made herein or otherwise.

RESULTS OF OPERATIONS

     The  following  table sets  forth the  percentage  relationship  of certain
statement of operations data to net revenues for the periods indicated:
<TABLE>
<CAPTION>
                                               FOR THE THREE MONTHS ENDED
                                                         JUNE 30,
                                           ------------------------------------
                                                2000                  1999
                                           --------------       ---------------
<S>                                        <C>                   <C>
Net revenues...........................         100.0%                100.0%
Costs and expenses:
     Instructional and
       educational support.............          68.3                  71.4
     Selling and promotional...........          17.3                  14.6
     General and administrative........          16.3                  17.1
                                           --------------       ----------------
Total costs and expenses...............         101.9                 103.1
                                           --------------       ----------------
Loss from operations...................          (1.9)                 (3.1)
Other (income) and expenses:
     Interest expense..................           1.2                   1.6
     Interest income...................          (0.4)                 (0.4)
                                           --------------       ----------------
Loss before income tax benefit
     and cumulative effect of
     change in accounting principle....          (2.7)                 (4.3)
Income tax benefit.....................           1.1                   1.7
                                           --------------       ----------------
Loss before cumulative effect of
     change in accounting principle....          (1.6)                 (2.6)
Cumulative effect of change in
     accounting principle, net of tax..          (3.0)                   -
                                           --------------       ----------------
Net loss...............................          (4.6)%                (2.6)%
                                           ==============       ================
</TABLE>
                        THREE MONTHS ENDED JUNE 30, 2000
                COMPARED TO THE THREE MONTHS ENDED JUNE 30, 1999

         Net revenues increased by $0.9 million or 4.9% to $18.9 million for the
three months  ended June 30, 2000 from $18.0  million for the three months ended
June 30, 1999.  Excluding Huron  University,  which was sold in August 1999, net
revenues increased by $1.5 million or 8.8% to $18.9 million for the three months
ended June 30, 2000 from $17.4 million for the three months ended June 30, 1999.
This  increase  was  primarily  due  to  a  5.4%  increase  in  average  student
enrollment.


                                       9
<PAGE>



RESULTS OF OPERATIONS - CONTINUED

     Excluding Huron University,  the University  Degree Division  experienced a
4.8% increase in average  student  enrollment and the Associate  Degree Division
experienced  a 5.8%  increase in average  student  enrollment.  The  increase in
student  enrollment  in the  University  Degree  Division was  primarily  due to
increased enrollment at Colorado Technical  University's Sioux Falls campus. The
increase in student  enrollment in the Associate  Degree  Division was primarily
due to  increased  enrollment  in the medical  assisting  program and the health
information specialist program offered by the Ultrasound Diagnostic Schools.

     Instructional and educational  support increased by $0.1 million or 0.4% to
$12.9  million for the three months  ended June 30, 2000 from $12.8  million for
the  three  months  ended  June  30,  1999.  As a  percentage  of net  revenues,
instructional and educational  support expenses decreased to 68.3% for the three
months  ended June 30, 2000 as compared to 71.4% for the three months ended June
30, 1999.  Excluding Huron  University,  instructional  and educational  support
expenses  increased  by $1.2  million  or 10.6% to $12.9  million  for the three
months  ended June 30, 2000 from $11.7  million for the three  months ended June
30,  1999.  Excluding  Huron  University,  as  a  percentage  of  net  revenues,
instructional and educational  support expenses increased to 68.3% for the three
months  ended June 30, 2000 as compared to 67.1% for the three months ended June
30, 1999. This increase in  instructional  and educational  support expenses was
primarily  due to an increase of $0.6 million in the Associate  Degree  Division
and  $0.6  million  in  the  University   Degree   Division.   The  increase  in
instructional and educational  support expenses in the Associate Degree Division
was  primarily  due to an increase in payroll and related  benefits for faculty,
academic administrators and student support personnel to support the increase in
enrollment.  The increase in instructional  and educational  support expenses in
the University  Degree  Division was primarily due to an increase in payroll and
related  benefits  for  faculty  and student  support  personnel  to support the
increase  in  enrollment  and the start up of  Colorado  Technical  University's
online program.

     Selling and promotional expenses increased by $0.7 million or 24.4% to $3.3
million for the three months ended June 30, 2000 from $2.6 million for the three
months  ended June 30,  1999.  As a  percentage  of net  revenues,  selling  and
promotional expenses increased to 17.3% for the three months ended June 30, 2000
as compared to 14.6% for the three months ended June 30, 1999.  Excluding  Huron
University,  selling and promotional expenses increased by $0.8 million or 32.8%
to $3.3  million for the three  months ended June 30, 2000 from $2.5 million for
the  three  months  ended  June  30,  1999.  Excluding  Huron  University,  as a
percentage of net revenues,  selling and promotional expenses increased to 17.3%
for the three  months  ended June 30,  2000 as  compared  to 14.2% for the three
months ended June 30, 1999.  This increase in selling and  promotional  expenses
was primarily due to an increase in advertising expenses in the Associate Degree
Division and the University  Degree  Division  resulting from marketing  efforts
directed at increasing enrollment.

     General and administrative expenses remained consistent at $3.1 million for
the three months ended June 30, 2000 and June 30, 1999.  As a percentage  of net
revenues,  general and administrative  expenses decreased to 16.3% for the three





                                       10
<PAGE>


RESULTS OF OPERATIONS - CONTINUED

months  ended June 30, 2000 as compared to 17.1% for the three months ended June
30,  1999.  Excluding  Huron  University,  general and  administrative  expenses
remained consistent at $3.1 million for the three months ended June 30, 2000 and
June 30, 1999.  Excluding  Huron  University,  as a percentage  of net revenues,
general and  administrative  expenses  decreased  to 16.3% for the three  months
ended June 30,  2000 as compared  to 17.7% for the three  months  ended June 30,
1999.

     We reported a loss from  operations  of $0.4  million for the three  months
ended June 30, 2000 as compared to a loss from  operations  of $0.5  million for
the three months ended June 30, 1999.  Excluding Huron  University,  income from
operations  decreased by $0.6 million to a loss from  operations of $0.4 million
for the three  months  ended June 30, 2000 from income from  operations  of $0.2
million for the three months ended June 30, 1999.  This  decrease was  primarily
due to a decrease in income from  operations  of $0.4  million in the  Associate
Degree  Division due to an increase of $0.7  million in selling and  promotional
expense.

     We reported a net loss of $0.9  million and a net loss of $0.5  million for
the three months ended June 30, 2000 and 1999, respectively. The increase in net
loss was primarily due to the  implementation  of SEC Staff Accounting  Bulletin
No. 101 effective April 1, 2000, which resulted in a one-time charge after taxes
of $0.6 million.

SEASONALITY

     We  experience  seasonality  in our  quarterly  results of  operations as a
result of changes  in the level of student  enrollment.  New  enrollment  in our
schools tends to be lower in the first and second fiscal  quarters  covering the
summer months which are traditionally  associated with recess from school. Costs
are generally not significantly  affected by the seasonal factors on a quarterly
basis.  Accordingly,  quarterly  variations  in  net  revenues  will  result  in
fluctuations in income from operations on a quarterly basis.

     The operating results of Huron  University,  which was sold in August 1999,
were significantly  affected by seasonality.  As a more traditional  university,
Huron University  experienced a significant  decline in revenues during the late
spring and summer.  The decline in revenues combined with a relatively  constant
level of  operating  expenses  resulted in  operating  losses of $0.7 million at
Huron  University  for the three months ended June 30, 1999.  Due to the sale of
Huron  University,  our operating results were not affected by the operations of
Huron University for the three months ended June 30, 2000.

LIQUIDITY AND CAPITAL RESOURCES

     Cash and cash  equivalents  at June 30,  2000 and June 30,  1999  were $0.4
million and $6.1 million, respectively. Our working capital totaled $3.9 million
at June 30, 2000 and $8.2 million at June 30, 1999.

     Net cash of $1.2  million was used in  operating  activities  for the three
months ended June 30, 2000 and $0.1 million was provided by operating activities
for the three  months  ended June 30,  1999.  The  increase in cash used of $1.3
million was primarily due to an increase in accounts  receivable  and a decrease
in deferred tuition revenue.


                                       11
<PAGE>


LIQUIDITY AND CAPITAL RESOURCES - CONTINUED

     Net cash of $0.8 million and $0.1 million was used in investing  activities
for the three months ended June 30, 2000 and 1999, respectively. The increase of
$0.7 million was due to an increase in capital expenditures.

     Net cash of $3.6 million and $2.8 million was used in financing  activities
for the three months ended June 30, 2000 and 1999, respectively. The increase in
cash used was due to an increase of $0.8  million in net  payments on  long-term
debt and capitalized lease obligations.

     We have an $8.5 million line of credit which  expires on June 30, 2002.  At
June 30, 2000, we had $4.5 million  outstanding  under this facility and letters
of credit  outstanding  of $0.5 million which  reduced the amount  available for
borrowing.  The amounts  borrowed under this facility for the three months ended
June 30, 2000 were primarily used for operations,  repayment of debt and capital
expenditures.

     On November 5, 1999, our Board of Directors authorized the repurchase of up
to $1.0 million of our common stock.  The repurchases  will be made from time to
time in the  open  market  or  through  privately  negotiated  transactions.  We
anticipate  that the  repurchase  of  shares  will be funded  through  cash from
operations.  During the three months ended June 30, 2000, we repurchased  90,000
shares of our common stock for approximately $128,000 and since the inception of
the repurchase  program we have  repurchased  285,000 shares of our common stock
for approximately $498,000.

     Our  primary  source  of  operating  liquidity  is the cash  received  from
payments of tuition and fees.  Most students  attending our schools receive some
form of financial aid under Title IV Programs.  We receive  approximately 75% of
our funding  from the Title IV  Programs.  Disbursements  under each program are
subject to disallowance and repayment by the schools.

     We believe that with our working  capital,  our cash flow from  operations,
our credit facilities and our expected increased  financings under capital lease
obligations  to fund capital  expenditures,  we will have adequate  resources to
meet our anticipated operating requirements for the foreseeable future.

NEW ACCOUNTING PRONOUNCEMENT

     Effective  April 1, 2000, we implemented  SAB 101 and changed the method by
which we recognize  revenue for  laboratory and  registration  fees charged to a
student.  In fiscal 2001,  we began  recognizing  revenue for these fees ratably
over the life of an education program.  Previously, we recognized laboratory and
registration  fees as revenue at the  beginning of our academic term or year, as
applicable.  We recorded the  cumulative  effect of the change in  accounting of
approximately $564,000, net of taxes, in the three months ended June 30, 2000.

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<PAGE>

                           PART II - OTHER INFORMATION

Item 1.  LEGAL PROCEEDINGS

     In May 2000, we (in  conjunction  with our insurance  carriers)  reached an
agreement in principle to settle the previously reported case styled Cullen, et.
al. v. Whitman  Education  Group,  Inc., et. al., in the United States  District
Court for the Eastern  District of Pennsylvania  (Civil Action No.  98-CV-4076).
The  settlement  agreement,  which was signed by the parties  and  preliminarily
approved by the Court,  covers  students who attended our Ultrasound  Diagnostic
Schools  any time from  August 1, 1994 to August 1, 1998 in either  the  general
ultrasound program or the non-invasive  cardiovascular  technology program. As a
result of the proposed settlement,  we recorded a one-time,  after-tax charge to
earnings of  approximately  $900,000,  or $0.07 per share in the fiscal  quarter
ended March 31, 2000. Although management denied the allegations of the lawsuit,
and  believed  the key  allegations  to be without  merit,  we entered  into the
settlement to resolve  litigation in a satisfactory  business  manner,  to avoid
disruption of our  business,  and to allow us to pursue our mission of providing
quality education to our enrolled students.


ITEM 6.                    EXHIBITS AND REPORTS ON FORM 8-K

         (a)      Exhibits

                  27       Financial Data Schedule


         (b)      Reports on Form 8-K

     No  reports  on  Form  8-K  were filed by Whitman during the quarter ended
June 30, 2000.

SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.

                                                   WHITMAN EDUCATION GROUP, INC.
                                                                    (Registrant)


                                                   By: /s/ FERNANDO L. FERNANDEZ
                                                           Fernando L. Fernandez
                                                       Vice President - Finance,
                                                        Chief Financial Officer,
                                                         Treasurer and Secretary

DATE:    AUGUST 8, 2000


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