This study aims to explore students’ perceptions of the online educationsystem in newly emerging private universities in Bangladesh. It focuses on and justifies perceptions with respect to gender, academic discipline, and devices used for online classes utilizing correlation analysis, oneway ANOVA, and chi-square test. From a perceptual overview of a sample of 315 students, 49.8% of respondents prefer the face-to-face format. More specifically, students’ perceptions varied by academic discipline and devices used for online learning, but not by gender according to the result. Thus, it has been inferred that the world of education has already been challenged with blended learning as a new paradigm of change that is supposed to be the ultimate solution for the future disruptions of university education systems. The study has duly found out advantages of online learning, such as effective motivation for learning, conducive teaching environment, diversity in teaching style, the flexibility of time and content availability, better academic performance, and disadvantages such as network problems, lack of interaction in practical courses, less acceptability, lack of technical support and lack of understanding lectures smoothly etc.