ONLINE LEARNING PLATFORM AND TECHNOLOGY-ENABLED SERVICES TRANSFORMING HIGHER EDUCATION

IMPACT REPORT

Universities worldwide face unprecedented challenges to grow their student populations while maintaining high academic standards and cost-effectively managing their institutions. A growing number of universities are adopting online programs to scale their degree programs in collaboration with companies like 2U, who deliver a range of online learning systems and technology-enabled services.

The 2U Impact Report provides an overview of the degree programs, students and faculty 2U supports, including detailed information about the impact and outcomes of these efforts.

NOTE: All data points reflected in this document are as of December 31, 2013.

ABOUT 2UFounded in 2008 by a team of education and technology veterans, 2U enables leading colleges and universities to deliver their high quality education to qualified students anywhere. Our cloud-based software-as-a-service platform provides schools with the comprehensive operating infrastructure they need to attract,

enroll, educate, support, and graduate their students. Our mission is to enable the education our clients provide to reach its highest potential so students can reach theirs.

www.2U.com#NoBackRow> Click the URL and # to learn more.

PURPOSEOF THE REPORT

OVERVIEW *

GRADUATE PROGRAMS SUPPORTED BY 2U:

STUDENT ENROLLMENT:

STUDENT GRADUATES:

STUDENT SUCCESS:

FACULTY:

AVERAGE CLASS SIZE:

LIVE CLASS SESSIONS:

FIELD TRAINING:

POST-GRADUATION JOB PLACEMENT RATE:

PRE-ENROLLMENT/POST-GRADUATION SALARY INCREASE:

NET PROMOTER® SCORE:

9

More than 8,500 from 62 countries

2,565 globally

82% of students who began in any 2U-supported program have graduated or are still pursuing their degree

502 total faculty teaching weekly

10.4 students

More than 97,000 instructor-led sessions

Nearly 3,000,000 hours of field training completed by students (all programs)

92%

25%

69.5; higher than the Apple iPad, Amazon and Netflix

*as of December 31, 2013

&GRADUATE PROGRAMS

PARTNERS

American University School of International Service

The George Washington University Milken Institute School of Public Health

Georgetown University School of Nursing & Health Studies

Simmons College School of Nursing and Health Sciences

GRADUATE PROGRAMS

• UNIVERSITY PARTNERS & PROGRAMS OFFERED

• The University of Southern California Rossier School of Education Master of Arts in Teaching Master of Arts in Teaching-TESOL Master of Education in Teaching Leadership

• The University of Southern California School of Social Work Master of Social Work

• University of North Carolina at Chapel Hill Kenan-Flagler Business School Master of Business Administration • Georgetown University School of Nursing & Health Studies Master of Science in Nursing

• Washington University in St. Louis School of Law Master of Laws in U.S. Law • University of North Carolina at Chapel Hill School of Government Master of Public Administration • The George Washington University Milken Institute School of Public Health Master of Public Health• American University School of International Service Master of Arts in International Relations • Simmons College School of Nursing and Health Sciences Master of Science in Nursing

PROGRAM LAUNCH

2009

2010

2011

2013

University of North Carolina at Chapel Hill Kenan-Flagler Business School

University of North Carolina at Chapel Hill School of Government

University of Southern California Rossier School of Education

University of Southern California School of Social Work

Washington University in St. Louis School of Law

STUDENTSIn June 2009, students in the University of Southern California Rossier School of Education’s online Master of Arts in Teaching program began classes. These 122 students were the first to experience a master’s degree program supported by 2U technology. Through their partnership, 2U and USC Rossier sought to deliver teacher education online while working with students around the country to offer them field experience in schools in their own communities. It was unlike any other learning experience, and students in that first MAT cohort were resoundingly successful.

Soon, it wasn’t just educators benefiting from 2U-enabled education. By 2011, 2U expanded its offerings through partnerships with the Georgetown School of Nursing & Health Studies and the UNC Chapel Hill Kenan-Flagler Business School, whose MBA program boasted a 100% retention rate for its first cohort.

As of December 31, 2013, more than 8,500 students have enrolled in 2U partner programs.

2U is working with colleges and universities to allow students around the country live their dreams of becoming Trojans, Hoyas, or Tar Heels, all without sacrificing their personal or professional commitments. Students are able to work with 2U placement teams to complete program-required field education close to home, making a difference in their own communities.Students in 2U partner programs live in 50 states and 62 countries, which means 2U is having a global impact on professionals and contributing to their success. These students are attending some of the world’s best graduate degree programs, advancing their careers and changing their own lives — and they are doing it online with 2U technology.

STUDENT PROFILE: BUSINESS, D’Andre Payne“While working at Pfizer, one of the largest pharmaceutical companies in the world, I became interested in why certain business decisions were made and the overall impact they had on the company. I really liked that MBA@UNC was an innovative new program that was online, but not your

typical online program. The live classes and the immersions really made it different. The fact that we had live classes every week was a big selling point

to me. It gave me the opportunity to interact and connect with my professors and fellow students.” > Click D’Andre’s picture to hear more about his experience.

MORE THAN 8,500ENROLLED STUDENTS

*AS OF DECEMBER 31, 2013

MILITARY AFFILIATED

AVERAGE STUDENT AGE

INTERNATIONAL STUDENTS

75% FEMALE

25% MALE

62 COUNTRIES 11% 35 4%

“I think Berkeley’s practical and holistic approach to solving big data problems will provide a critical basis for me to tackle the most important issues facing data science within the context of global development and crisis relief.

“In a single day, I can fulfill my duties at the Air Force base, discuss current events in data privacy during my live Master of Information and Data Science (MIDS) sessions, and then walk to the weekly Code for America hack session.

“MIDS allows me to extend my understanding of data science academically at Berkeley while continuing my endeavors in Boston. Rather than putting my academic ambitions on hold, I can multitask like a true ‘product of the 21st century’ and simultaneously pursue both a graduate degree and career experience.”

STUDENT PROFILE: DATA SCIENCE, Erin Boehmer

Top states represented by student enrollment*:

• California 2650• Virginia 336

• Florida 310• Texas 302

• Georgia 275• Washington 273• Maryland 247• North Carolina 222• New York 219• Illinois 172• New Jersey 170• Pennsylvania 149

• Oregon 140• Colorado 138

• South Carolina 128• Michigan 125

• Arizona 112

South Korea 60 •China 38 •Japan 35 •Brazil 24 •Germany 17 •Taiwan 15 •Singapore 9 •United Arab Emirates 9 •Italy 8 •Mexico 8 •

Top countries represented by student enrollment*:

“As an older adult who decided to go back to school, I wanted to pursue higher education in a graduate school from a well-known university like USC. While maintaining my day job, I found an opportunity to do the course online. I felt as though 10 years in the corporate world was great but I also felt like I wanted to do something more fulfilling and impactful. I think this degree was the perfect fit for me.” > Click Leslie’s photo to hear more about her experiences.

STUDENT PROFILE: EDUCATION, Leslie Haynes

STUDENTSSTUDENT PROFILE: LAW, Marcelo Lapolla, Guilherme Cardoso Sanchez and Thays Gentil“You can participate in the classes from anywhere and it’s always as if you’re sitting in the front row.” – Marcelo Lapolla“You can see the professor. He can see you. You can see the other students. This is a real class.” – Guilherme Cardoso Sanchez“WashULaw will give me a competitive advantage as an international lawyer.” – Thays Gentil> Click any picture to hear more about their experiences.

*as of December 31, 2013

Professors work with 2U’s

content development

team to create robust

content for their courses.

> Click the play button

to see a “behind-the-

scenes” video of faculty

members working with

2U technology.

Faculty members teaching 2U partner programs are key to the student experience.

Classes are live and online, so teaching faculty can fully engage with students through discussion and collaboration. Faculty can also hold office hours in the online classroom.

With a 2U content and production crew on hand, faculty create new content that brings their lessons to life. For example, the MSW@USC program produces documentary- style videos that allow students to visually experience a client’s full range of emotions, which makes learning more tangible and accessible.

FACULTY

“I have never felt a more personal connection with students in any

classroom, even in smaller seminar courses. The reason is that there’s

no hiding…you see every facial twitch of everyone in the class.

Everyone is right there.”

– Michael Wysession, associate professor of Earth & Planetary Sciences at

Washington University in St. Louis

Northwestern University professor, Michael Peshkin, demonstrating the functionality of the lightboard (which he also created). > Click his picture for

the lightboard video

in action.

Kimberly Ferrario, Corinne Hyde, Brandon Martinez, and Melora Sundt

“One of our deepest fears was that the experience of teaching online would be impersonal. After all, many of us got in to teaching because of the opportunity to build relationships that might make a difference. A great surprise, then, was how quickly and easily we got to know our students. Because the platform included a social networking function, with individual profiles and walls à la Facebook, we were able to read about our students’ interests, favorite books, and so forth before class began, and connect with them. The more we shared about our own interests, the more we reached out to our students, the more they responded in kind, eager to get to know us, each other, and the university. When commencement arrived, it was delightful to watch students who had become fast friends, gleefully meet each other face to face for the first time. This lesson was perhaps the most heartwarming of all — not only could the technology help us facilitate learning in a mechanical way, but it could also help us build the relationships that are so critical to effective instruction.”

FACULTY SPOTLIGHTUSC Rossier School of Education Professors on Learning How to Teach Online

Active Faculty

Total Courses Taught

Total Course Sections

Average Class Size

States Represented

Countries Represented

Hours of Live Instruction Per Week

New Faculty in 2013

*as of December 31, 2013

502

183

1,086

10.4

36

8

1,629

158

ALL PROGRAMS*

CLASSROOM EXPERIENCE

MORE THAN

The programs 2U supports feature live, online classes that are grounded in group discussion and collaborative conversation. The programs are online, but they are not like any other online learning experience. Class sessions are held on a live video platform and are led by university faculty members. All classes are intentionally kept small — an average of 10.4 students — to facilitate close collaboration and engaging discussions.

In order to facilitate robust class discussions, students engage in immersive course content between

live classes. From documentary-style lessons to video case studies to interactive learning tools, course content is designed to raise questions, describe theories and inspire ideas for later discussion.

Much of the coursework is viewed in video format. With video, professors can create vignettes for students to consider for the next live class or develop stories and cases that develop across an entire semester.

CLOSE COLLABORATION & ENGAGING DISCUSSIONS

97,000 INSTRUCTOR-LED SESSIONS

2U-enabled classrooms are busy. With more than 1,086 total course sections, 183 total courses taught, and 1,629 hours of live instruction per week*, 2U works to ensure that each course starts without a hitch.

2U’s technical support team is available to both faculty and students during live class sessions. During each class, supportadvisors are at the ready, prepared to help with individual connection

problems or disruptions on the online platform. Students are located all over the world, including some pretty extreme locations — an oil rig in the Gulfof Mexico, an aircraft carrier and a village in rural Afghanistan — and 2U’s tech team ensures that they can continue to attend classes and access coursework.

*as of December 31, 2013

Example of a USC Rossier online class.

Dr. Mark Lang of the UNC Kenan-Flagler Business School presents material on financial accounting. > Click the picture to see his video.

Example of course material presented by the professor in a clever way. > Click the picture to see this video.

ONLINE CAMPUS

2U’s Online Campus is an innovative, online platform that fosters collaboration and facilitates real connections. Similar to familiar social networking tools, the Online Campus allows students and faculty members to create personal profiles. With these profiles, they can begin getting to know each other from day one, forging relationships before they even enter the classroom.

2U’s content development and tech teams work together with university faculty and staff to create innovative, multimedia coursework.

One such tool is the Bi-directional Learning Tool (BLTTM) and it’s a revolutionary way to consume online course materials. Unlike any other kind of online learning tool, the BLT allows students to actually engage with content, gain new knowledge and receive feedback. Professors build out BLT content and can then watch students’ progress through the materials and leave comments leading up to the live class session.

> Click the play button to hear Ian Van Tuyl, 2U’s chief content officer, explain the full functionality of the BLT in this video.

REAL ENGAGEMENT

REAL LEARNING

REAL CONNECTIONS

Through the Online Campus, students and faculty also have access to the learning platform inside and outside of scheduled class times. The online environment acts as a gathering spot, a place where they can

meet for small group projects and online office hours. Designed with connection and collaboration in mind, the Online Campus brings students and faculty together to forge relationships that will last a lifetime.

Instructors use a game to demonstrate a core concept. > Click the video to view.

THE VIRTUAL GARY IS THE SAME AS THE REAL GARY, EXCEPT YOU CAN WATCH OVER AND OVER AND OVER AGAIN!

– Gary Laderman, professor at Emory University

“”

The Ireland in Rebellion course comes to life with powerful visuals and 2U’s

high-quality production values. > Click the video

to view.

EXAMPLES OF 2U’S TECHNOLOGY IN THE ONLINE CAMPUS

OFFLINE & MOBILE

2U supports students’ online learning by now offering mobile apps for all partner programs for iOS phones and tablets, and Android phones.

> Click the picture above for an overview of 2U’s unique mobile app capabilities.

Convenience is an important consideration for online students. We

develop technology solutions that provide students

with anytime, anywhere access on a wide range

of devices.– James Kenigsberg,

2U’s Chief Technology Officer

> Click the picture to see Mabel Miguel, an MBA@UNC professor,

incorporate a PowerPoint presentation into a recorded

lecture for her class.

“

”

BEYOND THE CLASSROOM

Practice-based learning is a cornerstone of every program. From nursing field experiences to data science summer immersions, all programs have a real-life, in-person learning component.

Field Placements*2U is proud to partner with more than 9,800 placement sites with 15,553 successful placements, as of December 31, 2013. Students complete more than 3 million hours of field training, and approximately 18 percent of students are eventually employed by their placement entities.

Field education is extremely important for social work students, and those enrolled in our partners’ programs are required to complete a minimum amount of hours in the field, which can range from approximately 700 to more than 1,000 depending on the program. The 2U field placement team works with students to find them a community-based placement, allowing them to complete the requirement in a setting close to home.

*all data points in this section are as of December 31, 2013

PRACTICE-BASED LEARNING

“I’m very passionate about seeing change in the lives of people, particularly African Americans, especially in my community. In my

neighborhood in the south side of Chicago there’s a lot of crime, a lot of poverty, a lot of people who don’t necessarily have hope. There’s a sense of learned hopelessness that I feel can be combated if there are positive role models. Sometimes parents aren’t there, teachers are overworked and there needs to be a third party to activate resources

for these people.

“I‘ve seen so many of my friends go down the wrong path and I’ve witnessed the outcomes of their decisions. That alone is inspiration for me to want to help. I think this degree will provide the platform for me to help in a real, professional way.” > Click Jabari’s picture to hear him explain his decision to go into social work.

STUDENT PROFILE: SOCIAL WORK, Jabari Evans

NORTHEAST283

MID- ATLANTIC

1,509

SOUTHEAST1,900

SOUTHWEST1,387

WEST7,388

NORTHWEST1,119

MIDWEST1,187

STUDENT PROFILE: SOCIAL WORK, Jabari Evans

NATIONWIDE FIELD PLACEMENT

MORE THAN

9,800 PLACEMENT SITES* 15,553

SUCCESSFUL PLACEMENTS*

*AS OF DECEMBER 31, 2013

BEYOND THE CLASSROOM

PRACTICUM EXPERIENCES

In other 2U partner programs, students complete work-experience practicums. In these courses, students find work placement in their communities — current jobs are considered — and work to sort through a problem or challenge. In the research portion of the practicum, students write the equivalent of a master’s thesis explaining how their education has prepared them to address and tackle the real-world challenges facing the organization.

GLOBAL IMMERSIONS

MBA@UNC students attend at least two required immersions in cities around the world, offering them the opportunity to meet their online classmates in person. At immersions, students delve into a topic relevant to the location. Global immersions have been held in major business centers around the world, including Istanbul, New York City, San Francisco, Singapore, London and São Paolo.

MBA@UNC students met in Singapore for the global immersion weekend titled “Dragons, Elephants and Tigers: The (Re-) Growth of the Asian Business Landscape in the 21st Century.” The event focused on enhancing students’ understanding of how to succeed in today’s globally connected business market, and provided hands-on interaction with UNC Kenan-Flagler professors, industry leaders, and fellow classmates.

> Click the photo for video highlights of the Singapore immersion.

“We were all surprised by the challenging nature of the program. We worked much harder than we ever expected, but looking back, I’m thrilled because I know that my degree is absolutely top-notch.

“I’ve got a demanding job, and I lost my father during the first year of the program and my grandfather six months later. So I had to go to my professors on several occasions to say, ‘I’m drowning here. How can you help me? Can I reschedule these exams? Can I turn in this project at this time?’

“Without question, at these moments it was the most supportive and cooperative program I could imagine being a part of. It made me want to work harder. I wanted to do well because they had been so supportive during difficult times. The flexible nature of the program also allows me to be an active part of the UNC community wherever I am. I’ve gone to class in airports. I’ve gone to class in my car. You can’t do that with a program that’s traditional brick-and-mortar.”

Students in the Nursing@Georgetown program travel to

Washington, D.C., for an on-campus intensive. During these

sessions, students practice their learning in Georgetown University’s state-of-the-art

O’Neill Family Foundation Clinical Simulation Center.

This enables students to gain confidence in their skills

before beginning their clinical placement requirement.

STUDENT PROFILE: BUSINESS, Candice Brown

“MPH@GW is absolutely the best option for me to get my MPH. First, the quality of the program is impressive, the curriculum is rigorous, and the faculty are leaders in the field. Another reason why I chose MPH@GW is that it is designed for working professionals. I have a full-time career and am the mother of a young daughter, so it would be difficult for me to attend a traditionally structured program.

“Finally, George Washington University is located in my community. Even though I could attend the campus-based program, I chose MPH@GW because the technology makes this program a realistic option for students who are balancing school with other responsibilities. I have a career and a family, and I want to get my MPH online, but I am not willing to sacrifice quality — MPH@GW makes that possible!”

STUDENT PROFILE: PUBLIC HEALTH, Jennifer Joseph

ON-CAMPUSINTENSIVES

HOW LIKELY IS IT THAT YOU WOULD RECOMMEND US TO A FRIEND?

NOT AT ALL LIKELY EXTREMELY LIKELY

The Net Promoter Score measures the loyalty that exists between a company, product or service and a consumer. An NPS can be as low as −100 (everybody is a detractor) or as high as +100 (everybody is a promoter). An NPS that is positive

(higher than zero) is viewed as good, and an NPS of +50 is considered excellent. 2U’s Net Promoter Score exceeds those of some of the country’s favorite and iconic brands, including Netflix and Amazon.

NET PROMOTER® SCORE (NPS®) AND WHAT IT MEANS

SATISFIED STUDENTS & FACULTY

1 2 3 4 5 6 7 8 9 10

JKL

2U VS TOP BRANDSNet Promoter Scores

2U PARTNER NETFLIX APPLE iPAD AMAZON PROGRAMS

80 —

60 —

40 —

20 —

0 —

J L NET PROMOTER

SCORE– =

NET PROMOTER SCORES FROM SALMETRIX 2013 CONSUMER STUDYNET PROMOTER ® , NET PROMOTER ® SCORE , AND NPS ® ARE REGISTERED TRADEMARKS OF BAIN & COMPANY, INC., SATMETRIX SYSTEMS, INC., AND FRED REICHHELD.

STUDENT & FACULTY

SATISFACTION

99%OF STUDENTS AGREED WITH

THIS STATEMENT: “I FEEL THAT I AM ACCOMPLISHING MY

PROFESSIONAL GOALS BY TAKING THIS PROGRAM.”

61%OF THE FIRST GRADUATING CLASS EARNED A PROMOTION OR JOB CHANGE WHILE IN THE MBA@UNC PROGRAM.

MPH@GW ALLOWS US TO GO DIGITAL, AS WELL AS GLOBAL AND IS THE MOST INNOVATIVE WAY TO BROADEN THE MISSION OF THE MILKEN INSTITUTE SCHOOL OF PUBLIC HEALTH AND MAKE A TOP PUBLIC HEALTH EDUCATION AVAILABLE TO STUDENTS AROUND THE WORLD.

– Dr. Lynn R. Goldman, Dean, Milken Institute School of Public HealthThe George Washington University

“

”

I’M ABLE TO KEEP MY ROUTINE AND BE WITH MY FAMILY, YET GET A GREAT DEGREE.

– Marcelo Lapolla, @WashULaw

“”

WITH INTERNATIONAL RELATIONS ONLINE, THE SCHOOL OF INTERNATIONAL SERVICE AND ITS FACULTY ARE EDUCATING AND

PREPARING TOP INTERNATIONAL RELATIONS STUDENTS TO APPLY THEIR KNOWLEDGE AND MAKE AN IMPACT IN AN INCREASINGLY

INTERCONNECTED AND COMPLEX WORLD.

– James Goldgeier, Dean, School of International ServiceAmerican University

“”

2U VS TOP BRANDSNet Promoter Scores

*

*

*AS OF DECEMBER 31, 2013

CASE STUDY:MBA@UNC

OF STUDENTS WHO BEGAN WITH THE FIRST CLASS IN 2011 HAVE GRADUATED

OF STUDENTS FROM THE FIRST TWO PROGRAM COHORTS REPORTING EARNING A PROMOTION OR CHANGING CAREERS WHILE ENROLLED IN THE PROGRAM

CONTRIBUTION FROM THE FIRST GRADUATING CLASS TO $25,060 CLASS GIFT

100% 71% 100%

A HISTORY OF THE MBA@UNC GRADUATE PROGRAM

THEN (2011) & NOW*

number of students 19 | 450

number of states represented 8 | 39

number of countries represented 2 | 35

*as of December 31, 2013

OF STUDENTS WHO BEGAN WITH THE FIRST CLASS IN 2011 HAVE GRADUATED

OF STUDENTS FROM THE FIRST TWO PROGRAM COHORTS REPORTING EARNING A PROMOTION OR CHANGING CAREERS WHILE ENROLLED IN THE PROGRAM

CONTRIBUTION FROM THE FIRST GRADUATING CLASS TO $25,060 CLASS GIFT

What Apple’s Mac did for the personal computer,

the ‘MBA@UNC’ is about to do for higher education.

– FORBES.com

“

”[THE MBA@UNC] IS THE FIRST ONLINE PROGRAM OF ITS KIND FROM A TOP-20 U.S. BUSINESS SCHOOL.

– The Wall Street Journal, 2011

“” UNC BRINGS RARITY TO

ONLINE MBA: CREDIBILITY

– Headline in Fortune magazine, 2012

“ ”

CONCLUSIONUNPRECEDENTED CHANGE

The world’s higher education industry is experiencing unprecedented change. Technology and online learning in particular, is reshaping how institutions deliver and how individuals access education. With the rise in rates of Internet penetration, mobile devices and cloud-based services, universities and colleges everywhere are determining how to incorporate technology-enabled offerings into their long-term strategies.

Since 2008, 2U partner institutions have impacted more than 8,500 aspiring teachers, social workers,

entrepreneurs, nurses, public administrators, public health professionals, data scientists, and other professionals who are looking to further their careers. These students are in turn impacting businesses, social work agencies, hospitals, schools and other institutions in their local communities all over the world.

With the support of 2U, leading non-profit universities and colleges are furthering their missions and disseminating knowledge to more students than ever before.

#NoBackRow

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New York60 Chelsea Piers, Suite 6020 New York, NY 10011

Los Angeles1150 S. Olive Street, Suite 2050 Los Angeles, CA 90015

Chapel Hill1210 Environ Way Chapel Hill, NC 27517

Hong Kong506 Energy Plaza 92 Granville Road, Kowloon, HK

St. LouisOne Brookings Drive, Campus Box 1120 St. Louis, MO 63130

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