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The publicly traded 2U, a prominent online program management company, on Wednesday released a report with data on the affordability, quality and outcomes of its programs in 2019, including degrees offered with 2U's university partners.
The company said that since its inception, a total of 215,000 students had enrolled across 2U's programs by the end of last year, including large numbers in its short course and boot camp offerings. And 2U said 18 percent of students who enrolled in 2U-powered degree programs did not live within 50 miles of an equivalent program offering.
The OPM, which currently is not profitable, said it has invested $1.3 billion to help create its nonprofit university partners' degree programs. The report said 38 percent of its total revenue for 2019 came from federal loans. Also featured in the report were data on class size, graduation rates (72 percent) and retention rates (86 percent between the first and second terms) for degree programs.
"At a time when delivering high-quality online education has never been more in demand and critical to meeting the needs of society, we believe greater transparency about quality and outcomes matters," David Sutphen, 2U's chief strategy and engagement officer, wrote in an accompanying blog item. "And the release of our inaugural 2019 Transparency Report demonstrates that 2U is committed to leading the way in fostering that transparency. We hope our report will inspire more companies to follow in our footsteps."
