FOR IMMEDIATE RELEASE
Gina LaGuardia, Editorial Director
718-761-4800, ext. 49
America Online And ClassesUSA Announce Partnership To Provide A Vast Directory Of Online Degree Programs
Reflects Growing Demand in the $5 Billion Online Education Industry
Dulles, VA and Staten Island, NY, December 6, 2004 Recognizing the growing demand for online degree programs, America Online, the worlds leader in interactive services, and ClassesUSA, the Webs leading online higher education portal, announce today a partnership to offer a vast directory of online degree and certificate programs from more than 100 of the nations top accredited colleges and universities to AOL members
The directory will be a part of AOL® Research & Learn, which is consistently rated as the #1 education site online, according to comScore MediaMetrix. The partnership will transform the AOL Research & Learn Online Campus and serve as part of an overall enhancement of the channels online learning and reference suite for kids, teens, and adults. This updated Research & Learn area will be available on the web in the first half of 2005.
More than one million students are expected to enroll in online learning programs by 2005, according to Eduventures, a worldwide authority on the education industry, which also predicts that the online distance learning market will grow more than 38% in 2004, to reach revenue of $5.1 billion. This demand reflects increased interest in the attainment of higher education, as statistics show that a person with a B.A. will earn, on average, 62% more then someone who has not completed a postsecondary degree.
The online classroom offers flexibility and accessibility to students of any age, particularly those who work full-time, who are stay-at-home parents, who dont want to relocate, or who live and work abroad, said Martin Moe, Vice President, AOL® Life Management. At AOL, were focused on making the lives of our members easier and more rewarding, and this partnership with ClassesUSA helps us fulfill that mission.
ClassesUSAs comprehensive directory of online programs lets members who visit the new AOL® Online Campus explore opportunities by degree level and by categories such as nursing, IT, business, criminal justice, and engineering. The partnership also provides AOL members access to content and in-depth articles about online degrees, financial aid, accreditation, and more.
ClassesUSAs experience in the online higher education marketplace, along with our relationships with leading colleges and universities, brings AOL members an unmatched array of educational resources, says Jordon Keltz, CEO of ClassesUSA. Our ability to inform users about the benefits of online learning and then instantly connect them to those opportunities is an essential tool for those wishing to advance their educational and career goals.
ClassesUSA.com, the Webs leading online higher education portal, enables professionals to find an online degree or certificate program best suited to advancing their professional goals. Each month, over one million adults visit the site, which boasts over 100 accredited college and university partners. Since entering the online higher education marketplace in 2001, ClassesUSA has fostered strategic content partnerships with sites such as AOL and others, and has built a reputation as the most trusted and recognized brand providing professional adults with access to online educational opportunities. ClassesUSA is also the publisher of Online Degrees Magazine, a bi-annual national publication designed to empower adults considering distance learning as the tool to use to advance themselves both personally and professionally.
About America Online, Inc.
America Online, Inc. is a wholly owned subsidiary of Time Warner Inc. Based in Dulles, Virginia, America Online is the world's leader in interactive services, Web brands, Internet technologies and e-commerce services.