Annual report details the impact of 2U and the
edX platform on global education
LANHAM,
Md., July 27, 2023 /PRNewswire/ -- 2U, Inc.
(Nasdaq: TWOU), the company behind global online learning platform
edX, today announced the publication of its 2022 Transparency &
Outcomes Report: an annual summary of the impact 2U is making on
learners, universities, companies, and institutions around the
world.
Today's announcement marks the fourth consecutive year that 2U
has published a public outcomes report following the establishment
of its industry-leading Transparency Framework in 2019. 2U's
continued annual reporting cements the company's standing as a
leader in publishing transparent outcomes and reinforces its
commitment to openly share key facts and figures about its business
and partnerships. This year's report is also the first to highlight
the combined impact of 2U and the edX platform following 2U's
acquisition of edX in late 2021, creating a comprehensive view of
the company's impact on online higher education.
"At 2U, we're committed to delivering world-class learning
outcomes at scale with edX while helping our partners build
sustainable and accessible education programs that keep pace with
global advancements, drive progress, and yield tangible value for
learners," said Christopher "Chip" Paucek, Co-founder and CEO of
2U. "We created our Transparency & Outcomes Report to provide
greater insight into the power of online education and to empower
partners and policymakers with information to continually advance
higher education in service of students."
Centered on the theme, "Transforming Ambition into Impact," and
structured around five core sections—Learner Impact, University
Impact, Employer Impact, Government Impact, and Societal Impact—the
report outlines work accomplished in collaboration with
institutional partners and spotlights learners who completed
edX-powered programs.
Key Data from the 2022 Transparency & Outcomes Report
Include:
- Scale: In 2022, 2U expanded its learner
network to 73 million people globally, served over 230 partners,
and grew its content portfolio to over 4,000 digital offerings on
the edX platform, from free courses to boot camps to full degrees.
Today, that figure has increased to over 76 million people, serving
over 250 partners, with a content portfolio of over 4,200
offerings.
- Retention and completion rates: The retention rate
from term one to term two for students in edX-powered degree
programs was 90 percent, and the graduation rate was 73 percent;
the graduation rate for boot camps with edX was 77 percent; the
completion rate for edX executive education programs was 91
percent; and the completion rate for edX open courses was 54
percent.
- Workforce preparation: 2U remained one of the
world's largest developers of tech talent, supporting nearly 200
technology-related boot camps and approximately 68,000 all-time
boot camp graduates. As of the end of 2022:
-
- 2U provided over 40,000 employment referrals and approximately
2.4 million career touchpoints.
- 2U launched 18 Access Partnerships to provide more
individuals from marginalized or underserved communities with free
or substantially cost-reduced pathways to job-relevant tech skills.
Since inception, over 3,000 learners have enrolled in these
programs.
- Healthcare innovation: 2U continued to create an
infrastructure to educate healthcare professionals at scale by
connecting students studying online with opportunities to fulfill
required fieldwork hours. As of the end of 2022:
-
- More than 24,800 students graduated from edX-powered
degree programs in helping hands disciplines, including nursing,
social work, counseling, and more.
- 2U expanded its field placement network to approximately
120,000 sites to support students in programs that require
fieldwork hours.
- Learners logged over 30 million fieldwork hours at these
sites.
The 2U Transparency & Outcomes Report is designed to help
learners, universities, and policymakers better understand and
assess the role and value that companies like 2U play in building
high-quality educational offerings that deliver great student
outcomes, particularly in critical sectors like healthcare and
technology where there remains a pressing and persistent need for
skilled professionals.
"With the OECD predicting a staggering transformation of
1.1 billion jobs due to technology over the next decade, our
mission has never been more vital," said Anant Agarwal, Chief Platform Officer at 2U and
edX Founder. "Together with our partners, we're committed to
offering learners everywhere high-quality, affordable online
education for rewarding, in-demand careers. Through the edX
platform, 2U's goal is to democratize access to education, forging
a stronger global workforce and a better future for all."
To view the full report findings, including definitions for the
metrics above, please visit impact.edx.org.
About 2U (Nasdaq: TWOU)
2U is a global leader in
online education. Guided by its founding mission to eliminate the
back row in higher education, 2U has spent 15 years advancing the
technology and innovation to deliver world-class learning outcomes
at scale. Through its global online learning platform edX, 2U
connects more than 76 million people with thousands of affordable,
career-relevant learning opportunities in partnership with over 250
of the world's leading universities, institutions, and industry
experts. From free courses to full degrees, 2U is creating a better
future for all through the power of high-quality online education.
Learn more at 2U.com.
Media Contact:
Kate
Welk
media@2u.com
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SOURCE 2U, Inc.