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Online Learning News and Research
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Tuesday, November 27, 2001
http://www.businessweek.com/magazine/content/01_49/b3760072.htm Giving It the Old Online Try More people are clicking their way to degrees, creating huge opportunities for the education industry The dot-com bubble may have burst in the world of commerce, but the promise of harnessing the Internet for paradigm-changing growth--and even profits--still thrives in the halls of academia. At the University of Maryland University College, enrollment in courses offered over the Net soared to 63,000 in the past academic year, up 50% from the year before. UMUC students can now earn some 70 degrees and certificates entirely online. The University of Phoenix Online, a subsidiary of the nation's largest for-profit university, saw revenues jump some 76% in the fiscal year ended Aug. 31, to $181 million, while profits grew 82%, to $32 million. The stellar results have driven up Phoenix Online shares by 80% since its parent, Apollo Group Inc., floated the unit as a tracking stock last year....
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