Enrolment at schools run by iPeople Inc., a joint venture between House of Investments (HI) and Ayala Corp., increased 10 percent for the 2024-2025 school year (SY).
The company said in a disclosure to the stock exchange total enrolment for the SY 2024-2025 reached 74,000 students, of which 54 percent is from affordable education segment.
It said National Teachers College (NTC) recorded a significant growth since its acquisition in 2019, posting a 12-percent increase in annual growth rate. It also expects to register another 12-percent growth in student population for 2025.
To meet growing demand, the board of iPeople approved a plan to expand NTC’s operations beyond Metro Manila.
“This expansion will allow us to advance the Philippine educational system by making quality education more affordable and accessible to a greater number of Filipinos,” said Dr. Reynaldo Vea, chairman and chief executive of iPeople.
Vea also expressed iPeople’s commitment to supporting the Philippine government’s efforts to improve education.
“We will continue to serve the affordable segment by leveraging our background and expertise in providing quality outcome-based education in our Mapúa Schools,” he said.
The company wholly owns and operates its main subsidiary, Malayan Education System Inc., which operates under the name of Mapúa University. Mapúa University has its main campus in Intramuros, Manila and an extension campus in Buendia, Makati.
Mapúa University also has three wholly-owned operating schools—the Malayan Colleges Laguna (A Mapúa School) Inc., Malayan Colleges Mindanao Inc. and the Malayan High School of Science Inc.
IPO merged with AC Education Inc., the wholly-owned education arm of Ayala group, with IPO as the surviving entity in 2019.
As a result, IPO acquired three additional operating subsidiaries: National Teachers College, University of Nueva Caceres and Affordable Private Education Center Inc., which is doing business under the name of APEC Schools.
