Fordham University has expressed concerns over its partnership with 2U, stating it has been 'continuously plagued' by issues such as low student field placement rates and an increasing dropout rate. The university believes these problems indicate a significant failure on 2U’s part, leading it to object to the restructuring plans in the bankruptcy court. As the only educational institution to formally file complaints, Fordham’s move underscores the depth of its grievances.
Scott Goldschmidt noted that resolving disputes outside of court could be in Fordham's best interest, given their ongoing issues with 2U. If these alternative resolutions fail, the bankruptcy court will weigh in on whether 2U materially breached its contract. This could grant Fordham the leverage needed to exit its partnership if the evidence suggests 2U cannot uphold its obligations moving forward.
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