Good article about online higher education - The Crisis in Higher Education

The Crisis in Higher Education is a good article about the trends for higher education going online.  The article starts with:

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A hundred years ago, higher education seemed on the verge of a technological revolution. The spread of a powerful new communication network—the modern postal system—had made it possible for universities to distribute their lessons beyond the bounds of their campuses. Anyone with a mailbox could enroll in a class. Frederick Jackson Turner, the famed University of Wisconsin historian, wrote that the "machinery" of distance learning would carry "irrigating streams of education into the arid regions" of the country. Sensing a historic opportunity to reach new students and garner new revenues, schools rushed to set up correspondence divisions. By the 1920s, postal courses had become a full-blown mania. Four times as many people were taking them as were enrolled in all the nation's colleges and universities combined.

The hopes for this early form of distance learning went well beyond broader access. Many educators believed that correspondence courses would be better than traditional on-campus instruction because assignments and assessments could be tailored specifically to each student. The University of Chicago's Home-Study Department, one of the nation's largest, told prospective enrollees that they would "receive individual personal attention," delivered "according to any personal schedule and in any place where postal service is available." The department's director claimed that correspondence study offered students an intimate "tutorial relationship" that "takes into account individual differences in learning." The education, he said, would prove superior to that delivered in "the crowded classroom of the ordinary American University."

We've been hearing strikingly similar claims today. Another powerful communication network—the Internet—is again raising hopes of a revolution in higher education. This fall, many of the country's leading universities, including MIT, Harvard, Stanford, and Princeton, are offering free classes over the Net, and more than a million people around the world have signed up to take them. These "massive open online courses," or MOOCs, are earning praise for bringing outstanding college teaching to multitudes of students who otherwise wouldn't have access to it, including those in remote places and those in the middle of their careers. The online classes are also being promoted as a way to bolster the quality and productivity of teaching in general—for students on campus as well as off. Former U.S. secretary of education William Bennett has written that he senses "an Athens-like renaissance" in the making. Stanford president John Hennessy told the New Yorker he sees "a tsunami coming."
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The article covers some concerns people have with online.  Clearly it won't be the same as the classroom experience.  But now that average cost of higher education has climbed to over $100,000, the bottom line isn't so much can online be as good or better than a classroom, but for the price will online be better?  If people are able to earn a bachelors degree for $10,000 via online than even if it is only 90% as good as the more traditional approach, many will choose to get an online degree.