Academic Partnerships, which helps colleges and
universities transition to online courses and degree programs, is about to
begin sharing the wealth with faculty.
The online company added a revenue-sharing model as
part of its updated online education platform, Academic Partnerships 3.0.
Faculty members who host live online sessions can earn up to 3% of tuition
revenue from the company.
The revenue-sharing agreement normally is between the
university and the company, with the institution’s share growing as enrollment
increases. In this new model, Academic Partnerships will not pay faculty
members directly but will work with its institutional partners to distribute the
money.
“This type of activity is highly desirable, and we want
to properly reward and see that the professor is compensated,” Randy Best, CEO
of Academic Partnerships, said in an article for Inside Higher Education. “We know
universities’ budgets are tight, and we believe that the enhancement that is
gained by participating [in live online sessions] is so significant that we believe
it’s our responsibility to compensate.”
The faculty-hosted learning sessions will provide
students with a blended learning opportunity that is fully online and available
globally. The Academic Partnerships 3.0 updates will be completed by the fall
and will include translation services at no extra cost to partner universities.