Dive Brief:
- Academic Partnerships’ online education platform is getting a reboot and faculty members are likely to see a portion of the proceeds from future online courses.
- Inside Higher Ed reports the company has historically split costs and revenues with its university partners but its third-generation model includes paying faculty members who host live online sessions 3% of tuition proceeds.
- Academic Partnerships wants faculty to use live sessions more often and believes the effort will require more time than they may spend on traditional courses, warranting additional compensation, according to the article.
Dive Insight:
Academic Partnerships helps colleges and universities develop and launch online courses. Companies like it have bridged the skills gap on campuses looking to go online and also have provided additional cash flow for the development phase of such courses. Inside Higher Ed reports the latest offer to faculty will be funded out of the company’s portion of prior revenue-sharing agreements with colleges and universities. How, exactly, to distribute that money is still up in the air.