During the tech boom of the '90s, New York University and Western Governors University were among the ambitious innovators in distance education. NYU created a for-profit, online spinoff. After a few years, it tanked. Western Governors, with its emphasis on "competency based" education, predicted it would quickly enroll thousands of students -- and ended up with dozens.
This week, both institutions are turning corners in their distance programs.
DeVry University cut back faculty positions last week in a continuing effort to bolster profits amid decreasing enrollment.
The for-profit institution said Wednesday that it had eliminated the jobs of 134 faculty members, both full-time and part-time. DeVry had already carried out two voluntary buyout programs earlier in the fiscal year. This most recent reduction, in which 29 faculty members voluntarily took a buyout, followed an evaluation of DeVry’s “campus-based instructional needs.”
Once you've done real estate, casinos, an airline, and reality television, what's left? For Donald Trump, there's always higher education.
On Monday Trump unveiled his own "university," which will sell CD-ROMs and offer online courses in real estate and business. No credit or degrees will be offered, although baseball caps and shirts with the university logo may be purchased ($21.95 for a cap, $39.95 for a golf shirt).