The document discusses plans to launch the Tailored Virtual Academy (TVA) at Portland State University's Honors College. TVA will provide a personalized online education experience for high-achieving students through learning analytics and adaptive content. It will allow students to mix online and on-campus learning. TVA aims to establish PSU Honors' brand and generate revenue through licensing. It is presented as a superior alternative to traditional MOOCs which lack personalization and offer limited return on investment.