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  "documentTitle": "2U, Inc. (TWOU)",
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      "kind": "callout",
      "text": "The year-over-year comparisons for the four starts for fiscal year 2018 (July '17, Oct '17, Jan '18 and Apr '18) are all below the prior year comparisons and are getting worse. MBA@UNC enrollment is now in a steady decline",
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      "text": "No Students have been enrolled since September 2017. This program just passed its 5th anniversary and has never enrolled more than 88 new students in a year. This is a far cry from the “300 to 500” new student enrollments that 2U describes as a typical steady state graduate program",
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      "text": "Via FOIA requests, we were able to obtain new student enrollment data since inception for MBA@UNC (launched in July 2011) and MPA@UNC (launched January 2013).",
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      "text": "Source: UNC FOIA Request",
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