Though USC has yet to detail the full scope and causes of the fiscal emergency, some things are clear: Hiring teachers and administrators for the online program proved costly. Fees for the company that runs the digital learning platform ate up more than half of the online tuition revenue. Other, less costly programs came on the market.
“We will continue to work with the school to drive the best results possible,” said 2U Chief Executive Chip Paucek in a February earnings call. “We have to be patient here.” 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.
With 2U, students attend live online classes in which about a dozen students and a professor can see and talk to one another in a setup some compare to the game show “Hollywood Squares.” The experience is designed to be of higher quality than other programs on the market that offer recorded lectures, tutoring by email and, for some, a sense of isolation.
As part of a contract renegotiation, the company donated $2.5 million to the social work school to endow Flynn’s academic chair and made a separate donation to a $6-billion capital campaign spearheaded by Nikias. Paucek’s wife, Gabrielle, enrolled in USC’s online master’s in teaching in 2012 and later that year recorded a promotional video extolling it as “the best program there is.
Asked about Paucek’s account, the USC spokeswoman did not dispute it but said in a statement, “Ultimately, it is for the deans and the faculty of a particular school to decide what online programs, if any, are offered.”
Source: Education Headlines (educationheadlines.net)
Why was this school of online social work running an online nurse practitioner program as well? $$$$ over patients.
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