New Online Option for Private Colleges

http://www.insidehighered.com/news/2005/12/29/online

"Regis University last week announced the creation of a new consortium — already with 39 members and growing — to allow private colleges to essentially trade courses online."

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"Regis has a traditional undergraduate liberal arts program. But it also has thousands of adult students enrolled online in professional school programs and is one of the few liberal arts institutions that has been able to compete in a meaningful way with the large for-profits, like the University of Phoenix, and the large public online institutions, such as University of Maryland University College, for the older online student.

"[T]he... adult market has been crucial to these institutions financially, and an inability to offer any courses online has put the colleges at a disadvantage."