2U: Coronavirus pandemic could ‘severely impact’ business – Education Dive
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Dive Brief:
- Online program manager 2U said the coronavirus could “severely impact” its business, according to a filing Monday with the Securities and Exchange Commission.
- The potential for disruption includes causing one of its college partners to shut down or by making it harder to find clients that want to launch online programs.
- As a public company, 2U’s disclosures offer a look at how the pandemic is affecting the firms that provide educational technology services to colleges.
Dive Insight:
The pandemic has put the higher ed sector on shaky financial ground. Scores of colleges are refunding students for room and board and other fees, losing out on other auxiliary revenue such as summer programs and bearing the upfront costs of moving their instruction online.
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