Education Dept. Shocks Ed-Tech Experts and Colleges With Expansion of Oversight
New guidance sweeps vendors that handle student recruitment, software, and other needs under the “third-party servicer” umbrella.
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New guidance sweeps vendors that handle student recruitment, software, and other needs under the “third-party servicer” umbrella.
If the University of Arkansas board approves the deal, the system will purchase the for-profit university and all its assets for only $1.
The University of Arizona Global Campus’s forecasts for tuition income in a tough enrollment environment point to possible growing pains ahead.
Steve Jennings/Stringer/Getty Images Andrew Ng, left, co-founder and chairman of the board of Coursera, leads the board of the company as it navigates its initial public offering. Online learning platform Coursera filed an application last week to become a publicly traded company and sell shares on the New York Stock Exchange under the ticker symbol COUR. The initial public offering was long anticipated by industry analysts but is notable because few education-technology companies have taken the plunge. Most fail to reach the scale of companies such as Chegg and 2U, two publicly traded compa...
Publicly traded education technology companies are rare. Soon, there will be one fewer after tech training provider Pluralsight gets taken private later this year. That leaves 2U, Chegg and Stride (formerly known as K12 Inc.) as the remaining trio of prominent edtech companies on the U.S. public market. But this contraction may not last long, thanks in part to one of the industryâs earliest and most ebullient investors, who is steering a financial vehicle thatâs taken public markets by storm. Earlier this month, Class Acceleration Corp. (CLAS.U), a special purpose acquisition compan...