GAINESVILLE, Fla. (AP) — University of Florida's online bachelor's degree program will start off with a small number of students and it will operate in the red for the first few years but ramp up to 24,100 students and millions in profits within 10 years.
The Gainesville Sun (http://bit.ly/1evXx9f) reports university administrators told the Board of Trustees this week that budget projections show the online program operating in the red for the first four years, being self-sufficient in the seventh year and having a profit margin of $14.5 million by the 10th year.
UF was given a legislative mandate to create an online baccalaureate program. Its goal is to offer the same academic curriculum as the on-campus courses, at 75 percent of the cost of regular tuition.
Information from: The Gainesville (Fla.) Sun, http://www.gainesvillesun.com