"online education" entries
Some parts of the American university system work well for their students. The rest are ready for disruption.
The American college system is staggeringly large: 2,421 four-year institutions enroll about 18.5 million college students. The proportion of Americans with a bachelor’s degree is at an all-time high — a social victory if they’re able to enjoy a positive return on their degrees, which the Pew Research Center estimates at about $550,000 on average.
And the very existence of that system is threatened, as we are to believe it, by the massive open online course, or MOOC, offered by new ventures from the likes of Stanford, Harvard and MIT. In an essay last week, Clay Shirky compared universities and MOOCs to record companies and Napster: in both cases, the incumbents operated by providing something inconveniently and locally that could be provided conveniently and universally on the web. I don’t agree with the entire essay, but Shirky is absolutely right to point out that the college industry is made up of several markets, and they’ll be disrupted in different ways.
American higher education is deeply divided: it’s outstanding for a relative small handful of students and pretty bad for everyone else. The disruption of MOOCs will likely start at the bottom and move up from there. The question on which we should meditate is: how far up will it move? Read more…