This study was conducted to explore the perception of learners on the quality of online education and the contributing factors of successful online learning. The study particularly focuses on a variety of perceptions that students have towards online learning, via comparing the perceptions of open university students with regular university students. The major findings are as follows: first, open university students perceived online education more positively compared to regular university students; second, in comparing the these groups, open university students placed teaching factors as more important while regular university students indicated that institutional factors were crucial for the success of online education. Lastly, according to our regression models, all factors within the teaching dimension positively contribute to the success of online learning for open university students, whereas only the interaction factor turned out to be statistically significant for regular university students. The study highlighted the pivotal role of university management based on types of universities beside the varying levels of preparedness for performing successful online education.