Chegg announces “Uversity”: A Creator Community for Educators

Rhea-AI Summary

Chegg (NYSE: CHGG) has launched Uversity, a new platform enabling educators to share educational content with millions of students globally. Uversity aims to enhance the existing Chegg Study service, which already features 59 million step-by-step solutions. With 80% of students valuing instructor-created materials, Uversity allows educators to upload diverse resources like study notes and videos. The platform will initially be open to accredited U.S. faculty, providing compensation for content contributions while retaining their intellectual property rights.

Positive

• Launch of Uversity platform to enhance Chegg Study.
• Potentially increased engagement with 100 million students.
• Educators compensated for content, promoting quality resources.

Negative

• Initial access limited to U.S. faculty may restrict global content availability.

Today, Chegg, Inc. (NYSE: CHGG) announced Uversity: a platform for educators and faculty to share their education content with millions of learners on Chegg to help support their studies and enhance learner outcomes. The content will augment and enhance Chegg’s existing Chegg Study service that already contains 59 million step-by-step solutions.

“Our vision is to create the world’s greatest library of effective, targeted, learning content to connect the world’s greatest educators with the largest, most diverse, most ambitious generation of students the world has ever seen,” said Dan Rosensweig, CEO and President of Chegg. “Students are looking for reliable resources they can trust and learn from. That’s why we created Uversity, created and provided by leading academics to improve the quality and accessibility for the best learning materials to students around the world,” Rosensweig added.

Chegg research shows that 80% of students polled feel instructor-created materials are the most helpful to their success in their courses, and an equal number report that their ideal support site would offer a variety of ways to learn.

“Chegg has always been at the forefront of putting expert content in the hands of students when they need it,” said Nathan Schultz, President of Learnings Services at Chegg. “Yet today, many do not make their materials available beyond the classroom. For example, only 10% of STEM + Business faculty upload content online. Meanwhile, there are 100 million students who could benefit from an educator's passion and teaching expertise. They want to expand the number of students they can help, and have created unique, valuable, expert study materials that can be shared with millions of students through Uversity,” Schultz added.

Existing content on the Chegg Study Service received 356 million views in Q1 2021 alone. The Uversity platform will help to enhance Chegg Study by allowing educators to upload richer, deeper, targeted, supplemental materials such as study notes, videos, and practice tests to further support students’ learning on the service.

"One of the great ways to learn difficult concepts is to see many examples and explanations from different angles. The current generation of students have access to far more material than ever before, but they need assurance that what they are seeing is credible and high-quality. 21st-century tools designed to empower instructors who are carefully tailoring their own content for students who need help can be a game-changer in higher education," said Dr. Paul Kim, Associate Dean & Chief Technology Officer at Stanford Graduate School of Education, an advisor to Uversity.

Developed in conjunction with a panel of academics, Uversity is easy and simple to use. Educators will be verified, and, once accepted, can upload content in a variety of formats and the Chegg platform will match the content to students’ needs to provide additional learning support. Chegg plans to add a set of enhanced features including the sharing of content between educators. Initially, Uversity will only be open to accredited United States-based faculty, but content will be accessible to any Chegg Study users globally. Educators will be compensated for their content contributions and will retain ownership of their intellectual property rights and give Chegg certain limited exclusive licenses.

For more information visit https://www.chegg.com/uversity

About Chegg

Chegg is A Smarter Way to Student®. We strive to improve educational outcomes by putting the student first. We support students on their journey from high school to college and into their career with tools designed to help them learn their course materials, succeed in their classes, save money on required materials, and learn the most in-demand skills. Our services are available online, anytime and anywhere. Chegg is a publicly held company based in Santa Clara, California and trades on the NYSE under the symbol CHGG. For more information, visit www.chegg.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210602006034/en/

FAQ

What is Chegg's new platform Uversity about?

Uversity is a platform for educators to share educational content with students, enhancing Chegg's existing study services.

How many solutions does Chegg Study currently have?

Chegg Study features 59 million step-by-step solutions.

Who can contribute content to Uversity?

Initially, only accredited U.S.-based faculty can upload content to Uversity.

What types of content can educators upload to Uversity?

Educators can upload various materials, including study notes, videos, and practice tests.

How does Uversity benefit students?

Uversity allows students to access a broader range of quality educational resources tailored to their learning needs.