Online Program Manager 2U Sues Education Dept. Over New Regulation

Maryland-based 2U, one of the largest providers of online higher education, is suing the Education Department over heightened regulation of its contracts with colleges and universities. The lawsuit, filed Tuesday in the U.S. District Court for the District of Columbia, seeks to rescind guidance issued by the department in February that expands the definition of third-party servicers to include online program managers, commonly known as OPMs. The classification requires companies to report their business dealings with schools and subjects them to audits.