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2U leans into ‘free-to-degree’ pipeline

After a summer of layoffs and budget cuts, the online learning company 2U shared a more upbeat outlook in its third quarter earnings call on Monday. A year after its acquisition of online learning platform edX last year, 2U is starting to see the benefits — including a greater number of learners moving from edX’s free online courses to 2U’s paid online degrees and alternative credentials, said Chip Paucek, the company’s CEO. “2U is transitioning most activity to the edX platform and we’re seeing material progress internally and externally,” Paucek told investors Lindsay McKenzie reports.

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Campuses mostly back to normal, but university enrollment is still falling

The college experience at many schools is now more or less the same as it was before the pandemic, but student numbers have still not recovered, according to recent data published by the National Student Clearinghouse Research Center. Undergraduate and graduate student numbers fell by 1.1% this fall semester compared to last year, according to the report. The preliminary fall data is based on 10.3 million undergraduate and graduate students, as reported by 63% of colleges and universities that get federal funding. Read more.

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