To make cyber universities competitive, the level of the learning effect for students should be improved. The objective of this study is to analyse the factors influencing the learning effect of cyber universities. For this purpose, questionnaire survey has been used. For the statistical analysis, multivariate linear regression were utilized using the SAS program. According to the results in this study, the variables that influence toward the learning effect are the experience of computer, the systematic and comprehensive lecture note, and the quickly responses to questions. These variables can be utilized in improving the educational service quality of cyber universities.