Alleging ‘Negligence,' Fordham Files to Cut Ties With 2U

2U, a company that was once seen as an innovator in the online expansion space and is now in the midst of restructuring through bankruptcy, has insisted that the process will create a stronger, more solid company. Most of its 250-plus partners have stuck with it so far. But Fordham University (NY), a partner of 2U’s for the last seven years, says it has been “continuously plagued” by the partnership, citing low rates of putting students in field placements, an increasing student dropout rate and “lip service” over implementing program changes. Fordham, a four-year private institution in New York City, filed an objection to 2U’s restructuring in the U.S. Bankruptcy Court in the Southern District of New York. In its complaint, filed at the start of its fall semester, Fordham says it does not believe 2U could continue to carry out its contract with the university to provide online services under the restructuring.