<SEC-DOCUMENT>0001104659-20-007779.txt : 20200303
<SEC-HEADER>0001104659-20-007779.hdr.sgml : 20200303
<ACCEPTANCE-DATETIME>20200128202552
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001104659-20-007779
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20200128

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			2U, Inc.
		CENTRAL INDEX KEY:			0001459417
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		IRS NUMBER:				262335939
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		7900 HARKINS ROAD
		CITY:			LANHAM
		STATE:			MD
		ZIP:			20706
		BUSINESS PHONE:		(301) 892-4350

	MAIL ADDRESS:	
		STREET 1:		7900 HARKINS ROAD
		CITY:			LANHAM
		STATE:			MD
		ZIP:			20706

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	2tor, Inc.
		DATE OF NAME CHANGE:	20090324
</SEC-HEADER>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="tm206037d1_001.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">January 28, 2020</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U>VIA EDGAR</U></B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">Mr.&nbsp;Stephen Krikorian</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">Accounting Branch Chief</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">Division of Corporation Finance</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">Office of Information Technologies and Services</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">Securities and Exchange Commission</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">100 F Street, N.E.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">Washington, DC 20549</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="RIGHT" STYLE="font: 12pt Times New Roman, Times, Serif; border-collapse: collapse; width: 95%">
<TR STYLE="font: 12pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: bold 12pt Times New Roman, Times, Serif; width: 5%; text-align: left">Re:</TD>
    <TD STYLE="font: bold 12pt Times New Roman, Times, Serif; width: 95%; text-align: left">2U, Inc.</TD></TR>
<TR STYLE="font: 12pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: bold 12pt Times New Roman, Times, Serif; text-align: right"></TD>
    <TD STYLE="font: bold 12pt Times New Roman, Times, Serif; text-align: left">Form 10-K for the fiscal year ended December 31, 2018</TD></TR>
<TR STYLE="font: 12pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: bold 12pt Times New Roman, Times, Serif; text-align: right"></TD>
    <TD STYLE="font: bold 12pt Times New Roman, Times, Serif; text-align: left">File No. 001-36376</TD></TR>
</TABLE>


<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">Dear Mr.&nbsp;Krikorian:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Pursuant to our discussions with the staff
of the Securities and Exchange Commission (the &ldquo;<U>Staff</U>&rdquo;) on December 5, 2019, at the Staff&rsquo;s request, 2U,
Inc. (the &ldquo;Company&rdquo;) is submitting this letter to provide the Staff with the following additional information concerning
its short courses: (i) the principal roles involved in designing, developing and delivering short courses; (ii) university approval
rights over short course content; and (iii) certain intellectual property rights with respect to its short courses.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Principal Roles Involved in Short Course Development, Design and Delivery</U></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt">As
discussed on the December 5, 2019 conference call, the following is a list of the principal roles involved in developing, designing,
and delivering the Company&rsquo;s short courses. With respect to each of the roles and activities described below, the Company
</FONT><FONT STYLE="font-size: 12pt">directs and controls the key individuals responsible for the development, design, and delivery
of the course at all times prior to transfer to the student.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm206037d1_002.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt"><B>Course
Convenor: </B></FONT><FONT STYLE="font-size: 12pt">A course convenor is a university appointee who serves as the liaison between
the university and the Company and acts on the university&rsquo;s behalf in certain instances. In particular, as described in
Section 2 below, universities have various oversight and protective rights throughout the course development and design process,
and a course convenor exercises these protective rights, if needed, on behalf of the university.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">A course convenor&rsquo;s general responsibilities include coordinating
university resources to ensure that the Company&rsquo;s proposed learning design plan and course content meet the university&rsquo;s
academic and quality standards. In addition, a course convenor collaborates with the Company to create the grading methodology,
which the Company then uses to evaluate student performance. A course convenor may also participate in the filming of course materials
or occasionally assist with resolving escalated student complaints to the Company.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt"><B>Learning
Designer: </B></FONT><FONT STYLE="font-size: 12pt">Learning designers are employees of the Company dedicated to course development
and design on a full-time basis. These Company employees design courses in accordance with the Company&rsquo;s pedagogical approach
and delivery model, as well as the university&rsquo;s academic and quality standards. Learning designers incorporate third-party
materials, and in some cases university materials, into the course curriculum.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt"><B>Subject
Matter Expert: </B></FONT><FONT STYLE="font-size: 12pt">The Company is responsible for hiring and managing subject matter experts
to support content and curriculum development. While the university may recommend individuals for this role, the university does
not have approval rights over the subject matter expert, and the Company is not obligated to take those recommendations. In any
event, even if the Company accepts a university&rsquo;s recommendation, the Company is responsible for hiring and managing the
subject matter expert.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt"><B>Head
Tutor: </B>The Company is responsible for hiring and managing head tutors to support the delivery of each course. Specifically,
head tutors are responsible for course management, course quality, and live instruction. As part of these responsibilities, head
tutors support ongoing continuous improvement by providing feedback and guidance on course enhancements, ensure that the course
meets delivery criteria established in the course design phase, manage course deadlines, stimulate course discussions, and resolve
students&rsquo; academic questions or complaints. While the parties are required to mutually agree upon the head tutor, the Company
retains responsibility for hiring and managing the head tutor throughout the course.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm206037d1_002.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt"><B>Student
Support Counselor:</B></FONT> <FONT STYLE="font-size: 12pt">The Company is responsible for hiring and managing student support
counselors to assist students as they enroll in, and progress through, a course. In particular, student support counselors assist
students with payment processing, guide potential students through the enrollment process, provide technical support, resolve
student complaints, and issue certificates upon successful completion of the course.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>University Approval Rights</U></FONT><U> </U></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">As discussed on the December 5, 2019 conference call, universities
have approval rights over certain aspects of the branding and design of the Company&rsquo;s short courses and such rights vary
from contract to contract. These rights are protective in nature to ensure that the Company&rsquo;s short courses do not dilute
the university&rsquo;s brand, do not cause the university reputational harm, and comply with the university&rsquo;s academic and
quality standards. In the section that follows, the Company has set forth the principal university approval rights as well as the
evolution of those approval rights over time.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Brand and Style Guidelines</I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">As part of the Company&rsquo;s technology and services offering,
it is responsible for marketing its short courses and recruiting students into those courses. The Company develops, controls, and
funds the marketing strategy for each short course. The Company&rsquo;s marketing efforts involve developing and implementing data-driven
marketing strategies that focus on identifying the right potential student for each course. These marketing efforts make substantial
use of search engine optimization, paid search and custom website development and deployment.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">Prior to executing its marketing efforts, and typical with a
licensing arrangement, the Company agrees to &ldquo;brand and style guidelines&rdquo; with the university, which guidelines establish
the parameters for the Company&rsquo;s use of any university intellectual property in connection with marketing a course, <I>e.g.</I>,
university logos and similar trademarked materials. For example, these guidelines include sample marketing materials that the Company
and the university have mutually approved for the Company&rsquo;s use in its marketing efforts.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm206037d1_002.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">With these guidelines, the university, as licensor, seeks to
ensure that the Company uses the university logo, brand, trademark, etc. in accordance with parameters that protect against any
potential brand dilution, confusion in the marketplace, or reputational harm. As such, these approval rights are protective of
the university&rsquo;s intellectual property and reputation and ensure that the Company uses university intellectual property in
a manner that the contract prescribes.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Other Approval Rights</I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">In many of the Company&rsquo;s current university agreements, universities do not have express approval rights over short course materials except for the brand and style guidelines mentioned
above. However, certain of the Company&rsquo;s older university agreements provide the university with consent rights over the
course content the Company creates. Similar to the university&rsquo;s rights with respect to the brand and style guidelines, these
rights are protective in nature to ensure that the Company&rsquo;s short courses comply with the university&rsquo;s academic and
quality standards, do not dilute the university&rsquo;s brand, and do not cause the university reputational harm.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">In addition, considering the importance that universities place
on their reputation and the Company&rsquo;s desire to foster collaborative, long-term relationships with universities, the Company
involves the course convenor throughout the content development and design process regardless of whether contractually required.
As a result, these consent rights are seldom used by the university.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">Certain of the Company&rsquo;s older university agreements provide
the university with additional protective rights with respect to approving (i) the students enrolled in each course and (ii) whether
students successfully completed applicable coursework and should be awarded a certificate. In practice, however, universities have
rarely relied upon these rights considering the collaborative nature of the Company&rsquo;s relationships. In addition, the awarding
of certificates is based on the pre-established grading criteria developed during the course design phase, which establishes the
objective metrics that the Company uses to evaluate student performance and award certificates. As a result, contract terms have
evolved over time to remove these approval rights.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><I><U>Intellectual Property Rights</U></I></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">As discussed on the December 5, 2019 conference call, the Company&rsquo;s
university agreements address intellectual property rights with respect to the course content that the Company creates and the
Company&rsquo;s technology platform. With respect to</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm206037d1_002.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">course content, the Company assigns intellectual property rights in such content
to the university, subject to certain conditions and limitations described below, which survive expiration or termination of the
agreement. Course materials include all curricular materials, assessment or examination instruments, and other content accessed
by students during a course presentation. With respect to the Company&rsquo;s technology platform, the Company maintains ownership
of the intellectual property rights in its platform &ndash; the proprietary web-based learning environment the Company uses to
design and deliver the course &ndash; and the university is prohibited from using the platform following expiration or termination
of the agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">As a condition to the Company&rsquo;s assignment of intellectual
property rights in the course content as described above, the university is restricted from using such course materials independent
of the Company to offer a similar short course. In addition, the university agrees to not make the course materials available to
third parties without the Company&rsquo;s prior consent.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">In addition, upon expiration or termination of the agreement,
the university is not permitted to use the Company&rsquo;s platform in any manner. Therefore, although the university may be permitted
to use course content post-termination in certain ways, the university would need to incur significant cost over multiple years
to develop a customized platform capable of delivering a similar learning experience to the Company&rsquo;s short course. Without
access to the Company&rsquo;s proprietary technology platform, the university&rsquo;s ability to make use of the course content
after termination of the agreement is extremely limited. For example, in one instance, after the university cancelled a course,
the university was unable to successfully re-launch the course without being able to utilize the Company&rsquo;s proprietary technology
platform.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">Based on the analysis contained in the Company&rsquo;s prior
correspondence and the additional information provided above, the Company believes that it engages in a comprehensive course creation
process that integrates multiple inputs (including from the university) into a combined output. The result is a bespoke, newly
created course that previously did not exist on-campus or online and is significantly different from the raw inputs, if any, received
from the university. The Company also remains primarily responsible for fulfilling the obligation of delivering the short course
to the student.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm206037d1_002.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">* * * * *</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">We appreciate the Staff&rsquo;s time and attention to this matter.
If you have any questions or comments or require further information, please do not hesitate to telephone me at (301) 892-9012.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 3in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 3in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 12pt; border-collapse: collapse; width: 100%">
<TR STYLE="font-size: 12pt; vertical-align: bottom">
    <TD STYLE="font-size: 12pt; width: 50%">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; width: 50%">Sincerely,</TD></TR>
<TR STYLE="font-size: 12pt; vertical-align: bottom">
    <TD STYLE="font-size: 12pt">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="font-size: 12pt; vertical-align: bottom">
    <TD STYLE="font-size: 12pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">/s/ Paul S. Lalljie</TD></TR>
<TR STYLE="font-size: 12pt; vertical-align: bottom">
    <TD STYLE="font-size: 12pt">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="font-size: 12pt; vertical-align: bottom">
    <TD STYLE="font-size: 12pt">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; text-align: left">Paul S. Lalljie</TD></TR>
<TR STYLE="font-size: 12pt; vertical-align: bottom">
    <TD STYLE="font-size: 12pt">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; text-align: left">Chief Financial Officer, 2U, Inc.</TD></TR>
</TABLE>


<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font-size: 12pt; vertical-align: top">
<TD STYLE="font-size: 12pt; width: 0"></TD><TD STYLE="font-size: 12pt; width: 0.5in">cc:</TD><TD STYLE="font-size: 12pt">Matthew J. Norden, 2U, Inc.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font-size: 12pt; vertical-align: top; text-align: justify">
<TD STYLE="font-size: 12pt; width: 0"></TD><TD STYLE="font-size: 12pt; width: 0.5in; text-align: left"></TD><TD STYLE="font-size: 12pt; text-align: justify">Brandon J. Bortner, Latham &amp; Watkins LLP</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font-size: 12pt; vertical-align: top; text-align: justify">
<TD STYLE="font-size: 12pt; width: 0"></TD><TD STYLE="font-size: 12pt; width: 0.5in; text-align: left"></TD><TD STYLE="font-size: 12pt; text-align: justify">Michael Corvari, KPMG LLP</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font-size: 12pt; vertical-align: top; text-align: justify">
<TD STYLE="font-size: 12pt; width: 0"></TD><TD STYLE="font-size: 12pt; width: 0.5in; text-align: left"></TD><TD STYLE="font-size: 12pt; text-align: justify">Amanda Kim, SEC</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="margin: 0"></P>

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