"Harvard and Ohio State are not going to disappear any time soon. But a host of new online enterprises are making earning a college degree cheaper, faster and flexible enough to take work experience into account. As Wikipedia upended the encyclopedia industry and iTunes changed the music business, these businesses have the potential to change higher education.
Most experts agree that given the exploding technologies, cuts to university budgets and the expanding universe of people expected to earn postsecondary degrees, there is no end in sight for newfangled programs preparing students for careers in high-demand areas like business, computer science, health care and criminal justice.
Chester E. Finn Jr., a senior fellow at the Hoover Institution and the president of the Thomas B. Fordham Institute
, predicted that all but the top tier of existing universities would “change dramatically” as students regained power in an expanding marketplace."
“Instead of a full entree of four years in college, it’ll be more like grazing or going to tapas bars,” Mr. Finn said, “with people piecing together a postsecondary education from different sources.”
“I’m just waiting for a Wikipedia University, with high-quality, online, open-source courses provided by a variety of different people,” said Richard Vedder, an Ohio University economics professor who directs the Center for College Affordability and Productivity. “Or the moment when someone like Bill Gates creates Superstar University, finding the best professors for the 200 courses that a good liberal arts college offers, and paying them $25,000 each to put their classes online.”
HT: Larry G.