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Vendor reportFlywheel, 2026

Higher education is the most expensive education segment to advertise in, averaging $300 per lead and $9,000 per enrolled student

Channel validation


MetricTop performersAverage
Cost Per Lead ($)25300
SQL Rate (%)5030
Cost Per Customer ($)4,0009,000

Higher Ed benchmarks: CPL, SQL rate and cost per customer — top performers vs average, 2025/2026

Reader Note:
The report also gives a top-performer cost per lead of $25 for higher education, which does not reconcile with its own $4,000 cost per customer and 50% qualification rate. Treat that figure with care; the $300 average is the one to compare against.
Evidence:
Expert judgment
Vendor interest:
Moderate — This comes from a company with a commercial interest in this market, so it is not a neutral source.
Sample:
Aggregated Flywheel client data, plus third-party research and industry insider conversations; no sample size or selection details disclosed.

Good for

Hearing how someone who knows the field reads it, and deciding what to check yourself.

Not for

  • Anything that needs a measurement. Nobody counted or tested this.
  • This comes from a company with a commercial interest in this market, so it is not a neutral source.
  • This is an aggregated or average number that covers very different cases. Real results in a particular segment may differ.
  • The source never says how this number was measured.
  • The source says how much it looked at, but not how any of it was chosen.

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