Meaning: The quote you've provided is a statement from John Larson, a politician, discussing the significance of Career Education as a global provider in the higher education sector. In this quote, Larson emphasizes the company's prominent position within the industry, highlighting its substantial revenue and strong market standing. The quote sheds light on Career Education's influence and success within the higher education landscape, positioning it as a major player in both onsite and online education.

Career Education, as mentioned in the quote, is described as one of the largest global providers in the higher education sector. This suggests that the company has a significant presence and impact on the international stage, offering educational services that reach a wide and diverse audience. By acknowledging Career Education's global scale, the quote indicates the company's widespread influence and its role in shaping the higher education landscape on a global level.

The projected revenue of over $1.1 billion in 2003 further underscores the magnitude of Career Education's financial success. This substantial figure not only reflects the company's significant economic impact but also positions it as a major player in the higher education market. The projected revenue places Career Education at the forefront of the sector, indicating its ability to generate substantial financial resources and operate on a large scale.

The quote also highlights Career Education's ranking within the higher education sector, noting its position as number one for onsite education and number two for online education in terms of revenue. This ranking underscores the company's success in both traditional, physical educational settings and the increasingly significant online education space. By excelling in both areas, Career Education demonstrates its adaptability and ability to thrive in diverse educational environments.

Larson's statement serves to emphasize the significance of Career Education's achievements and its impact on the higher education sector. The company's strong financial performance and market position reflect its ability to effectively navigate the evolving landscape of higher education, catering to the needs of students across different educational platforms and settings.

Overall, the quote highlights Career Education's status as a major global player in higher education, showcasing its substantial revenue, market position, and influence in both onsite and online education. By providing a glimpse into the company's success and prominence, the quote offers valuable insights into Career Education's standing within the higher education sector and its role as a key contributor to the global educational landscape.