University of Florida to pay company $186 million for online program

GAINESVILLE (AP) -- The University of Florida will pay the company Pearson Embanet an estimated $186 million over the life of its 11-year contract to help launch and manage the state's first fully online, four-year degree program.

The Gainesville Sun reports that it pieced together what UF could wind up paying Pearon based on a business plan presented to the Florida Board of Governors in September, two months before UF Provost Joe Glover and Chief Financial Officer Matt Fajack signed a contract with Pearson Embanet CEO and President David Daniels.

Gov. Rick Scott signed a bill last year tapping UF to create an online university that would offer a full, four-year degree program at 75 percent of the tuition that residential students pay.

  

Print this article Back to Top

Comments