Fees for the company that runs the digital learning platform ate up more than half of the online tuition revenue… 2U takes a 60% cut of online tuition from the social work program, and the contract carries onerous penalties if USC breaks the arrangement. People familiar with the agreement told The Times it contains a so-called poison tail that requires the university to continue handing over its revenue share for two years after canceling. Paucek, the CEO, has described the company’s agreements with universities as essentially “non-cancelable.”

Read full article [here].
by Harriet Ryan and Matt Hamilton, The Los Angeles Times.

Posted: June 6th, 2019, by: admin. Categories: . Awaiting Comments.