Setting the Record Straight

For over 15 years, 2U has been at the forefront of transforming online higher education, with a distinctive leadership position underpinned by our robust network of university partners, expansive global reach, and substantial resources. Our mission is to make high-quality education accessible to everyone-regardless of age, skill level, geography, prior education, or financial ability. Since our founding, we've grown from four to 260 partners offering over 4,500 programs ranging from free courses to master's degrees. To date, our platform and solutions have empowered over 5.2 million learners to graduate or complete our partners' programs, enriching lives and advancing careers across the globe.

This growth is no accident; it's a testament to true product-market fit. We have built something that universities and learners not only want but also need. Our role enables our partners to do what they do best-educating students-while relying on us for technology and other services.

Today, we're meeting a market need while also supporting a societal imperative. Technology advancements such as generative AI are rapidly shifting the labor force, creating widespread demand for upskilling and reskilling.

Despite this, 2U and others in our sector have encountered unfounded attacks from special interest groups seeking to harm our business and scare our partners and students. Currently, these groups are citing our efforts to manage our balance sheet challenges as a pretext to amplify their attacks.

Critically, these groups' recent predictions, that 2U is on the verge of an imminent shutdown, are unequivocally false and represent a blatant attempt to confuse students and the public.

Here is the truth of the matter:

Throughout our history, we have been dedicated to enabling our partners to provide relevant, affordable, and accessible offerings for students. As we take steps to improve our performance and right-size our balance sheet, we will continue to keep learners and partners at the center of our decisions. The importance of online education as a means to decrease costs and provide flexible upskilling opportunities has never been more apparent, and we intend to continue delivering on our mission well into the future.