22nd December 2011
Link with 4 notes
Information wants to be free! and MIT is helping it along. I think it is great that more schools are starting to think of ways to offer high quality online education for close to no cost. Once this technology becomes better developed, it is going to become challenging to justify paying 50k per year to attend second tier universities. This is going to cause a lot of pain and suffering for many US schools. The next couple of decades are going to be an interesting time in education, but a very painful time for the many schools whose administrative and overhead expenses have become bloated by their ability to increase tuition above inflation costs for decades.