Approval of Magellan Learning Solutions, LLC, Personal Service Contract (PSC).

Magellan Learning Solutions will assist the University in all aspects of developing and operating fully online academic programs. Services will include, inter alia, analysis of prospective student markets for newly proposed online programs, development of a financial aid model that is specific to the University's online programs, and instruction on responsive course design and development and best practices in online teaching. Magellan Learning Solutions was chosen through a formal bid process (RFP). Development of online programs is a key component of the Management Improvement Plan.

The first-year cost for Magellan Learning Solutions' services is $2,267,297.60. However, Magellan also anticipates that travel expenses will total $50,678.40. Therefore, the total first-year cost is $2,317,976. The Council on Postsecondary Education (CPE) has allocated $2,500,000 to the University for these services.

Magellan estimates that it will take at least three years to fully develop and implement the University's online programs. The total second-year cost is expected to be $2,650,723.60, and the total third-year cost is expected to be $2,603,923.60.

Acting President Dr. Michael Dailey recommends that the Board of Regents approve the Magellan Learning Solutions PSC.

Approve the renewal of the Magellan Learning Solutions PSC.