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In the study, 25% of Gen Z teens said they were more likely to attend a career and technical education school due to their pandemic experience.
Last fall there was a 7% drop in enrollments in higher education.
In a recent article in New York magazine, they make the following case, I quote, "People under the age of 40 are fed up.
They have less than half of the economic security than their parents did at the same age" For the first time in our nation's history, a 30-year-old isn't doing as well as his or her parents at age 30.
Year-to-date, our Stride career revenue enrollments are up over 120%.
The ECMC study I mentioned above, also found that 61% of Gen Z teens believe a skill-based education makes sense in today's world and our Stride career programs offer a clear solution for these students.
Tallo now boasts 1.5 million users on their platform.
And as we said during our Investor Day in November, we expect this growth and the trends we are seeing in the market to lead to overall career learning revenues, a $650 million to $800 million by fiscal 2025.
An approximately 2% to 3% of families were considering a fully online high school option.
I just today received results of our most recent study that indicated that, that 2% to 3% had jumped to over 10%.
Similarly consideration for online career programs jumped from 15% to 25%.
In fact, less than 10% of our normal overall enrollment volume happens before the end of April.
Recently a survey we conducted found that over 65% of parents agreed that their children need additional educational curriculum over the summer to make up for lost time due to the pandemic.
Given the significant need, this summer we are going to offer free summer career experiences for students in Grade 7 through 12.
Revenue for the quarter was $392.1 million, an increase of 52% from last year.
Adjusted operating income was $54.9 million, an increase of 146% and capital expenditures were $11.3 million, an increase of $1.9 million versus Q3 last year.
Revenue from our General Education business increased $89.2 million or 38% to $322.3 million.
General Ed enrollments rose 43% year-over-year, while revenue per enrollment declined 4%.
Career Learning revenue rose to $69.8 million, an increase of 191%.
Gross margins were 35.5% in the quarter, up approximately 500 basis points from the same period last year.
For the full fiscal year, we expect gross margins to be approximately 34% plus or minus 50 basis points.
Last November, at Investor Day, I laid out a 2025 goal for gross margin percent of 36% to 39%, and I expect us to get there much faster.
Selling, general and administrative expenses in the quarter were $100.5 million, up 58% in the year-ago period.
We expect SG&A for the full fiscal year 2021 to be in the range of $420 million to $425 million.
Our expectation for fiscal year '21 interest expense is that it will be between $17 million and $18 million including approximately $4 million in cash interest and $12 million in non-cash amortization of the discount on our convertible senior notes, and another $1 million of non-cash amortization of debt issuance costs.
EBITDA for the third quarter was $62.2 million, up 89% from the third quarter of fiscal 2020.
Adjusted EBITDA was $75 million, up 92% from the same period a year ago.
Operating income was $38.6 million, adjusted operating income was $54.9 million, an increase of 146%.
Additionally, we are raising our guidance for adjusted operating income to $156 million to $159 million for the full fiscal year 2021, and that's up from our previous guidance of $145 million to $155 million.
We ended the quarter with cash and cash equivalent at $329 million, an increase of $70.9 million compared to the second quarter.
Capital expenditures for the quarter totaled $11.3 million below the range of $12 million to $15 million we guided to last quarter.
We expect full year capex to be in the range of $50 million to $55 million.
Our effective tax rate for the quarter was 30.2% and we expect our full year tax rate to be in the 27% to 29% range.
Revenue in the range of $1.525 billion to $1.530 billion.
Adjusted operating income between $156 million and $159 million.
Capital expenditures of $50 million to $55 million and a tax rate of 27% to 29%.

Summary:
Revenue for the quarter was $392.1 million, an increase of 52% from last year.
Career Learning revenue rose to $69.8 million, an increase of 191%.
Additionally, we are raising our guidance for adjusted operating income to $156 million to $159 million for the full fiscal year 2021, and that's up from our previous guidance of $145 million to $155 million.
We expect full year capex to be in the range of $50 million to $55 million.
Revenue in the range of $1.525 billion to $1.530 billion.
Adjusted operating income between $156 million and $159 million.
Capital expenditures of $50 million to $55 million and a tax rate of 27% to 29%.