Abstract
The aim of this paper is 1) examining what private companies and campus type universities have been doing in online education market in the U.S. and 2) considering the impact of online education on higher education system. Both private companies and campus type universities assume online education as a big business chance and they are getting into the market. Private companies establish for profit universities, which do not get accreditations or do not issue degrees. These for-profit universities have not called “universities” before. Conventional universities establish private companies outside independent of those universities, which offer online education programs. These two streams show that the following two notion: 1) developing educational opportunity and 2) making a business in education are now recognized to be compatible, both of which were thought to be incompatible. We have to consider what is a “University” and what should be a “University” in these situations.