The Most Important Education Technology in 200 Years by Antonio Regalado is a good summary of the changes in the Higher Education world. The movement to online education will soon become a tadal wave.
I'll share a few snippets:
The education market is huge:
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These ideas affect markets so large that their value is difficult to quantify. Just consider that a quarter of the American population, 80 million people, is enrolled in K–12 education, college, or graduate school. Direct expenditures by government exceed $800 billion.
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The potential for online education is almost breath taking:
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At edX, Agarwal says, the same three-person team of a professor plus assistants that used to teach analog circuit design to 400 students at MIT now handles 10,000 online and could take a hundred times more.
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There has been a massive movement to online eudcation:
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According to a study from Babson College, the number of U.S. college students who took at least one online course increased from 1.6 million in 2002 to 6.1 million, or about a third of all college students, in 2010.
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