February 15, 2002
United States Open U. to Close After Spending $20-Million
Blaming insufficient revenues and inadequate enrollments, the United States Open University has announced that it will shut down in June.
"We couldn't get on a path to solvency quickly enough," said Richard S. Jarvis, chancellor of the online institution, which opened two years ago as a branch of the Open University in Britain. The British institution will have spent around $20-million by year's end on the American project, Mr. Jarvis said, and enrollment was not growing fast enough to
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