UT System pulls the plug on $75 million online learning institute - MARIA MENDEZ, Daily Texan

The UT System’s Institute for Transformational Learning was supposed to pioneer an online brand for UT, but it shut down two weeks ago. After investing a total of $75 million in the institute, the UT System decided the institute’s five-year revenue of $1 million was not enough for it to continue operating, according to the Texas Tribune. Francisco Cigarroa, former UT System chancellor, first allocated the institute with $50 million in 2011 from the UT System’s $20 billion Permanent University Fund. The institute was intended to make a UT education more accessible, UT System spokesperson Karen Adler said. http://dailytexanonline.com/2018/02/12/ut-system-pulls-the-plug-on-75-million-online-learning-institute