Two Disruptive New Precedents in Higher Education
This article will cover two new trends in higher education which may disrupt the institution of higher education in the US and elsewhere.
I cover <a href="http://afterecon.com/theses/we-need-education-reform/">education reform, as an institution not only as a public policy, quite often. In one article I specifically mention that MOOCs provide an new model of education with significant <a href="http://caeconomics.wordpress.com/2013/05/29/economic-efficiency-found-in-new-models-of-education/">benefits to education efficiency. I'd like to elaborate on that including provision of hard statistics based on <a href="http://www.linkedin.com/influencers/20131022120845-5048055-a-direction-for-online-courses?trk=eml-ced-b-art-Ch-0&ut=1m9U8Ij2HPCBY1">this article on the subject from Jose Ferreria which I found on LinkedIn. That article also has implications for the future trajectory of institutions of education. Another article, <a href="http://www.fastcoexist.com/3020185/an-all-you-can-eat-college-degree-could-be-the-future-of-higher-education#!">found here, also discusses yet another disruptive experimental business model for higher education.
Highlights from article Jose's article:
- MOOCs have had limited ability to generate profit and therefore some MOOC providers, such as Udacity, are moving to a SPOC model. SPOC means small, private and online course. These courses are still far cheaper than traditional courses.
- As of 2012, all but 13.5% of higher education organizations offered online courses.
- 34.5% of schools offered fully online degrees in 2002. This number grew to 62.4% in 2012!
- The author predicts that when online degrees become the norm, even elite institutions will be comfortable producing them.
- There is a ton of social and commercial value in MOOCs and SPOCs even besides obtaining a degree.
- You pay a flat fee to the university for access to the university for a particular length of time, usually 3 months at a time. Cost is not based on class load.
- You may take unlimited competency tests for credit instead of traditional classes, theoretically possibly conferring a degree in 3 months! Ability to pass these tests justifies award of a degree rather than time spent in class.
- You may also take traditional classes, online classes and skill-oriented classes which are not for degree purposes as well.