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http://www.washingtonpost.com/wp-dyn/articles/A1393-2002Aug27.html

Back To School Online - for Profit or Not
Rob Terry, Washington Techway Staff Writer

Three years ago, after being named president of the University of Maryland University College in Adelphi, Gerald A. Heeger began mapping out plans for an idea he helped launch at New York University: a for-profit, online subsidiary. Heeger rounded up $20 million in private sector commitments for UMUC Online, which was designed to leverage the college's expertise in distance learning to sell marketing, distribution and tech support to less-experienced universities looking to attract online students and administer courses over the Web. But last fall, UMUC Online was quietly folded back into the university, a financial failure....

  posted by Ray at 8/28/2002 12:28:00 PM permanent item link   

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