Colleges' partnerships with online program managers (OPMs) are decreasing significantly, with 147 contracts expired or terminated in 2023, signaling deep changes in the online education market.
Brady Colby from Validated Insights stated that the OPM sector is in a "death spiral," as evidenced by a 97% drop in funding since 2021.
Ben Kennedy of Kennedy & Co. emphasized that while the OPM market is not dead, it is evolving rapidly and will be unrecognizable moving forward.
Federal regulators have intensified scrutiny on OPMs, highlighting issues with their recruitment practices which has influenced their current decline.
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