Ever since WeWork teamed up with 2U, an online education company, more than 1,000 students have enrolled in 2U-managed graduate programs and also take advantage of the coworking firm’s office amenities.
Now, 2U is expanding its partnership to include over 2,000 of its faculty and course administrators from universities such as Yale and Georgetown.
“The whole idea [of 2U] is to unleash school from physical boundaries. But people do want to have community and get together,” said CEO Chip Paucek. “We thought it was a no-brainer to increase the value of what we provide to the students and the faculty.”
2U went public in 2014 after raising $96 million in venture capital and currently runs online degree and certificate programs in business, nursing, social work and other areas.
The company agreed to set aside $5 million for WeWork community member and employee scholarships.