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Changing the Economics of Higher Education | Getting Smart


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There is a fundamental disconnect happening between the providers of education and the consumers of education. If you ask universities what they are charging the $60,000 for, they’ll say, “Look at our research facilities. Look at our faculty. Look at the labs and everything else.” And then if you ask the parents and the students why they are taking on $60,000 of debt, they’ll say, “Well, I need the credential. I need a job.”  So one party thinks they’re selling a very kind of an enriching experience, and the other one thinks that they’re buying a credential. And if you ask the universities what percentages of your costs are “credentialing,” they say oh, maybe 5% to 10%. And so I think there’s an opportunity if we could decouple those things—if the credentialing part could happen for significantly less.

There's definitely an opportunity to disrupt.

Have you heard of UniversityNow?

They aim to keep the cost of college education lower than the cost of a cable bill.

See: http://unow.com/

Btw, you can change the title of this post by clicking on it.

Mhm. He mentions them in point 1 in the article. They're doing great work; I'm excited to see where it goes.

On a separate note; sad that "$199/mo" is considered "less than the cost of a cable bill," ha. At some point, as the cost of education becomes unbundled and digitized; access to the internet itself -- which is becoming a premium -- could unfortunately become yet another barrier.

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