As I recall, no, educause lobbied to get it, there was some debate late in the game about whether it should be given to something like Verisign, but it did not get far, the story is somewhat documented in various places. Jay Hauben wrote:

Hi,

Just to be complete, Educause lists 154 Corporate members (see http://www.educause.edu/memdir/memdir.html). So the fate of the .edu domain is not only in the hands of the education community. It has been my observation over the years that in particular the publishing industry has exerted a strong influence in Educause.

Does anyone know what other organizations were considered for this privilege of overseeing the distribution of .edu domains?

Jay

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