# Debt-Free and Results-First: ACE Is Rewriting the Rules of Higher Ed

By Michael B. Horn · Published 2025-05-09 · Updated 2026-06-08 · Education Technology on MarketScale
Canonical: https://www.marketscale.com/industries/education-technology/future-of-education-debt-free-model
Creator hub: The Future of Education with Michael Horn

> As student loan debt surpasses $1.7 trillion nationwide, cracks in the traditional higher education model are becoming increasingly difficult to ignore. Meanwhile, the American College of Education is quietly operating with an approach that flies in the face of convention, where 85% of its students graduate debt-free. What does it take to build a…

## Key points

- 85% of ACE students graduate debt-free, compared to the national norm of over $1.7 trillion in student loan debt.
- ACE rejected Title IV federal funding as a strategic decision, building its entire model around affordability and a pay-as-you-go structure.
- For every $1 spent on tuition, ACE graduates see an average of $19.20 in future earnings, reflecting a strong student-first ROI focus.

Block Field

As [student loan debt](https://marketscale.com/industries/education-technology/articles-education-technology/debt-and-inflation-is-disrupting-higher-education-shifting-the-tide-in-confidence-and-college-enrollment/) surpasses [$1.7 trillion nationwide](https://educationdata.org/student-loan-debt-statistics), cracks in the traditional higher education model are becoming increasingly difficult to ignore. Meanwhile, the American College of Education is quietly operating with an approach that flies in the face of convention, where 85% of its students graduate debt-free.

What does it take to build a university that resists the pressures of tuition inflation and student loans, yet still delivers strong outcomes?

On [*The Future of Education*](https://marketscale.com/shows/the-future-of-education-with-michael-horn/), host [Michael Horn](https://www.linkedin.com/in/michaelbhorn/) speaks with [Geordie Hyland](https://www.linkedin.com/in/geordiehyland/), President and CEO of the [American College of Education](https://ace.edu/), about how ACE has bucked the norms of traditional higher ed. Their conversation offers timely insights for institutions grappling with student debt, ROI, and how to actually serve adult learners.

**The key topics of discussion…**

- **Student ROI Over Institutional ROI:** Hyland points to a misalignment in higher education, where many institutions prioritize prestige and growth over real-world outcomes. Too often, schools fail to track graduate earnings or maintain strong ties to the job market. ACE takes a different approach, measuring success by student return on investment: for every $1 spent on tuition, graduates see an [average of $19.20 in future earnings](https://ace.edu/news/global-labor-market-analytics-firm-validates-american-college-of-educations-commitment-to-student-roi/?utm_source=chatgpt.com).
- **Rejecting Federal Student Loans as a Strategic Choice**
 ACE made an early decision not to accept Title IV funding. This wasn’t just about cost—it was about building a model around affordability from the ground up. The result? A “pay-as-you-go” structure that supports working adults and keeps debt off the table for most students.
- **Disruption with Purpose**
 Hyland sees ACE as a case study in[ Clayton Christensen’s disruptive innovation](https://www.christenseninstitute.org/theory/disruptive-innovation/#:~:text=Disruptive%20Innovation%20describes%20a%20process,upmarket%2C%20eventually%20displacing%20established%20competitors.) theory. By staying affordable, accessible, and student-focused, the institution is expanding access to people who might otherwise opt out of graduate education entirely.

Geordie Hyland is the President and CEO of the American College of Education, where he leads a fast-growing, fully online institution recognized for affordability, innovation, and student outcomes. With over 20 years of entrepreneurial leadership experience, he specializes in scaling education models that prioritize workforce alignment and debt-free student pathways. Hyland holds a BA from Harvard University and an MBA from Harvard Business School.

Tags: American College of Education, debt-free higher ed, Geordie Hyland, Michael Horn, student loan debt, The Future of Education

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