'A Perverse Outcome': Advocates Warn That 2U Bankruptcy Could Protect Executives at Students' Expense

WASHINGTON, July 26 -- Student Borrower Protection Center issued the following news release on July 25, 2024:

Today, the online education technology firm 2U, Inc. (NASDAQ: TWOU) filed for Chapter 11 bankruptcy in coordination with its largest creditors. 2U's bankruptcy comes as the company's executives have taken a series of unsuccessful steps to shore up the failing firm. At the same time, colleges and universities pulled back deals with 2U, enrollment and revenues declined, and in . . .

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