2U Bankruptcy Adds Fuel to OPM Uncertainties

“2U’s executives have shown time and again that they have no strategy to turn around their failing company,” said Student Borrower Protection Center executive director Mike Pierce in a statement. “Today, many … investors are now working with 2U executives to use federal bankruptcy laws to keep the lights on at 2U—a perverse outcome when those same bankruptcy laws deny a path to a debt-free future for the students harmed by 2U’s schemes.”