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from the will-Harvard-be-one-of-them? dept.
CNBC:
There are over 4,000 colleges and universities in the United States, but Harvard Business School professor Clayton Christensen says that half are bound for bankruptcy in the next few decades.
Christensen is known for coining the theory of disruptive innovation in his 1997 book, "The Innovator's Dilemma." Since then, he has applied his theory of disruption to a wide range of industries, including education.
In his recent book, "The Innovative University," Christensen and co-author Henry Eyring analyze the future of traditional universities, and conclude that online education will become a more cost-effective way for students to receive an education, effectively undermining the business models of traditional institutions and running them out of business.
What percentage of their graduates will be bankrupt?
(Score: 3, Insightful) by GreatOutdoors on Wednesday September 05 2018, @07:35PM
As a current online student at a large University here in Oklahoma, I am faced with a penalty for taking online classes. We are charged a $50 per credit hour "convenience fee" also known as an "online fee" for to take my classes. This adds up to $600 per semester of added cost just because they can get away with charging it. They already make a higher profit margin from overbooking the online classes and not having to have a physical place to meet, but they still tack on fees like this. It's not about getting an education anymore, it's about buying a degree. The classes are not focused on teaching people either, they just want to get as many students in as they can so they can suck money out of the parents and government. The education system is horribly flawed here in the US and needs a solid kick in the ass from new technology. I only go back for a higher degree because it is required in order to move up the food chain at most companies.
Yes, I did make a logical argument there. You should post a logical response.