https://www.edsurge.com/news/2018-07-09-nonprofit-university-buys-for-profit-college-for-its-tech-platform The technology platform and curriculum of the company called UniversityNow—which attracted more than $40 million in venture backing and ran an experimental for-profit college—has been sold to the nonprofit National University system, which plans to use the platform to deliver its online courses. The sale means that the university operated by UniversityNow—Patten University—will soon cease operations.
As much as I'd like to . . . If the typo appeared in the body of the post then it could be corrected. However, since it's in the title line it can not be changed, at least not by someone with my humble powers. Sorry.
The industry is consolidating, which is ultimately bad news for students. In hindsight, the focus was too much on profit and not enough on innovation. MOOC is the most recent innovation and in my opinion it is a dud. What will be the next revolution in mass education?
I've heard from several people that Patten's platform and curricula are terrible, so now we know which schools to avoid. The author believes that the problem was that Patten charged too little to cover operating costs and didn't accept financial aid. They didn't even accept TA and the GI Bill. When you qualify for a large Pell Grant award or military tuition assistance, it's cheaper to go to WGU. Plus, Patten's marketing strategy ranged from sending out spam to doing nothing.