The University of Maryland University College (UMUC) is turning to privatisation in an attempt to monetise its services, enlarge its endowment and keep tuition rates low, according to a report from Inside Higher Ed. In much the same way the UMUC's Office of Analytics became the data analytics company HelioCampus in 2015, the university plans to transform its IT department into a company called AccelerEd. According to the report, which was published on Wednesday, AccelerEd will be run by former Microsoft executive David DeVos, who has been appointed as chancellor at the university. The university has suffered a significant decline in enrolment since 2012.
The University of Maryland University College (UMUC) is turning to privatisation in an attempt to monetise its services, enlarge its endowment and keep tuition rates low, according to a report from Inside Higher Ed. In much the same way the UMUC's Office of Analytics became the data analytics company HelioCampus in 2015, the university plans to transform its IT department into a company called AccelerEd. UMUC President Javier Miyares said that the university will retain ownership of its "academic core", which includes the faculty, curriculum and library. The university has suffered a significant decline in enrolment since 2012.