What the Faltering OPM Market Means for Colleges — from chronicle.com by Phil Hill
Even institutions not involved with the companies should take heed.
Excerpts:
It turns out that the OPM business is a difficult one. And colleges with online programs — whether or not they use OPMs — can take a handful of important lessons away from the recent developments.
…
Long-term contracts might not be viable. What happens to an online program if the OPM company helping manage the program with complicated contractual terms gets bought or starts operating at a reduced level? That is no longer a theoretical question. Colleges need to become much more sophisticated when they enter into contracts, coming up with real contingency plans and terms that can end partnerships without harming the underlying academic programs.