Curbing the cost of college: Coursera wins approval to offer online courses for credit for under $200 — from techcrunch.com by Rip Empson

Excerpt:

Up until now, the startup has not offered degrees or credits for its online classes, which has meant that Coursera classes have existed mostly as a way to pursue supplementary or continuing education — not as part of degree programs. But that changed today, as Coursera announced [last Thursday morning] that five of its courses have been approved for “credit equivalency” by the American Council on Education (ACE). This means that students who complete these five courses can receive college transfer credit at institutions that accept ACE recommendations.

So, importantly, Coursera’s new credit equivalency doesn’t automatically mean that every university it has partnered with automatically guarantees credit for the approved courses; instead, institutions have the option to accept or decline credit. In other words, it’s up to them.

Also see:

Creative learning on mass, or the MIT MOOC– from daveswhiteboard.com by Dave Ferguson

Excerpt (emphasis DSC):

Just this morning, I came across MIT Media Lab’s announcement for its Learning Creative Learning online course. You can read about it or skim the outline to make your own judgment; I’m enjoying the laid-back description, which tracks with my previous massive open online course experience:

  • “This is a big experiment. Things will break. We don’t have all the answer.”
  • “We hope that participants will jump in as collaborators rather than passive recipients.”
  • “Check out our shiny new platform. Actually, don’t, because we didn’t build a shiny new platform.”
 

Pressure mounts as MOOCs force higher ed to rethink — from centerdigitaled.com by Tanya Roscorla

Excerpt:

As massively open online courses continue to gain traction, they’re proving a disruptive force in higher education.

The traditional emphasis on in-person classes has brought universities to a price point that does not look sustainable, said Adrian Sannier, senior vice president of product for Pearson eCollege.

“Maybe for the first time in a really long time, higher ed is under a tremendous amount of external scrutiny,” said Sannier, the former vice president and university technology officer at Arizona State University. “There is growing awareness that the prices charged and the rate at which the prices are growing is simply unsustainable.”

 

Also relevant/see:

  • Minding the money — from insidehighered.com by Allie Grasgreen
    One might hope that the economic recession, which formally ended in 2009, is no longer inhibiting students’ educational pursuits — or, perhaps more realistically, not as much. But an annual survey of freshmen suggests precisely the opposite: more students than ever (66.6 percent) say America’s economic condition significantly affected their choice of college — so the recession’s residual effects, at least, linger on.

 

MOOCs for credit — from insidehighered.com by Scott Jaschik

Excerpt:

Two announcements this week suggest that MOOCs — massive open online courses — will increasingly include a route for students to receive academic credit.

Georgia State University announced Tuesday that it will start to review MOOCs for credit much like it reviews courses students have taken at other institutions, or exams they have taken to demonstrate competency in certain areas.

And Academic Partnerships, a company that works with public universities to put their degree programs online, announced an effort in which the first course of these programs can become a MOOC, with full credit awarded to those who successfully complete the course. The educational idea is that this offering will encourage more students to start degree programs. The financial idea is that the tuition revenue gained by participating institutions when students move from the MOOC to the rest of the program (which will continue to charge tuition) will offset the additional costs of offering the first course free.

 

From DSC:
I think MOOCs still need some work, but they tap into a blend of formal/structured learning and informal/unstructured learning that is attractive to many — not to mention that MOOCs offer people more choice/more control, chances for contribution and participation, greater ownership of the learning, and much lower costs.  As such, they continue to be a valuable experiment within higher education. They continue to usher in the era of what I call “The Walmart of Education”. They also provide students with a way to see if they are interested in a discipline without having to invest much $$ in the course(s).

Also see:

  • Free online college courses take big step forward — from forbes.com by Susan Adams
    Excerpt:
    Free online college classes known as “massive open online courses,” or MOOCs, have made another big stride toward changing the model for higher education. Dozens of public universities are planning to offer introductory MOOCs for credit to anyone with an internet connection around the world, according to a piece today in The New York Times. The universities, including Arizona State, the University of Cincinnati and the University of Arkansas system, are hoping that students who pass the free MOOCs will then enroll in the schools and pay tuition to earn a degree.

SanJoseStatePlus-UdacityPartnership-Jan2013

 

Also see:

Excerpt:

Today Udacity is thrilled to announce a partnership with San Jose State University to pilot three courses — Entry-Level Mathematics, College Algebra, and Elementary Statistics — available online at an affordable tuition rate and for college credit. To my knowledge, this is the first time a MOOC has been offered for credit and purely online. Much credit for this partnership goes to Mo Qayoumi and Ellen Junn, president and provost of SJSU, and to the five fearless SJSU professors who have chosen to work with us at Udacity to explore this new medium. The offices of Governor Brown and CSU Chancellor White have also been critically important to this partnership for their leadership and expediency. Last but not least, I want to personally thank our great Udacians who, like everyone on this list, have worked endless hours to drive innovation.
Over the past year, MOOCs have received a lot of attention in the media and education circles mostly because so many students are taking advantage of the course for free. Predictions that MOOCs would fundamentally change higher education often revolved around the fact that the courses have unprecedented reach and affordability.

 

From DSC:
Given that such “Walmarts of Education” (i.e. solid learning at a greatly reduced prices) continue to develop, what’s our/your plans for responding to this trend? How are we/you going to compete?  What’s our/your vision and strategy?  By the way, you can look all you want to for data — but at the end of the day, it’s likely with this sort of thing that you won’t find all of the data that you require to make a decision. Examples:

  • When I began working for Kraft Foods in 1990 (brought in to roll out email to 66 plants at the time), I believed in the power of email when few others did. Email was viewed as “fluff” and it would never be used for solid business practices; management put the project on hold. But I kept working with email at Kraft — trying to get others to use it. If you looked for data back then, you wouldn’t find it. But by the time I left Kraft in 1997, thousands of people could communicate with thousands of other people throughout the world — within minutes.
    .
  • When Alexander Graham Bell introduced the telephone, what data would support the success of his invention?  I suppose you could have pulled some data on the usage of the telegraph, but even then, vision would have had to trump the data (the ancestor of Western Union rejected his invention, as they questioned why anyone would need/use a telephone when there was already the telegraph in usage).
    .
  • Such technological developments often are not so easy to back up with data; they require some vision, experimentation, and risk taking.

 

Moody’s gives colleges a negative grade — from the NYT by Andrew Martin

Excerpt:

The credit reporting agency Moody’s said on Wednesday that it had revised its financial outlook for colleges and universities, giving a negative grade to the entire field.

For the last two years, Moody’s Investors Service gave the nation’s most elite public and private colleges a stable forecast while assigning a negative outlook to the rest of higher education. (Moody’s assigned a negative outlook for the sector in 2009, but it upgraded the most elite ones to stable in 2011-2012.)

 

Nowhere to turn — from insighehighered.com by Kevin Kiley

Excerpt:

If colleges and universities thought they could ride out the current revenue challenges by becoming more like some other institution, Moody’s Investors Service has a bit of bad news for them: The grass isn’t greener on anybody else’s quad. Not even Harvard University’s.

In a report released Wednesday, the ratings agency outlines how every traditional revenue stream for colleges and universities is facing some sort of pressure, a finding Moody’s uses as grounds for giving the whole sector a negative outlook. The agency has been pessimistic about much of the sector since its annual outlook in 2009 after the economic downturn began, but Wednesday’s report contains a downward shift in how analysts view even market leaders, the elite institutions with high demand and brand recognition.

 

Originally saw thes graphic below on the Education Stormfront blog (thanks Andrew) — also see Will Hanlon Pop the Higher Ed Bubble?

.

Higher Ed Inflation.jpg

 

From DSC:
As you know if you are a regular reader of this blog, I believe the higher ed bubble has already popped — but I have it that it will pop at different times for different institutions.

 

Addendum on 1/22/13:

 

Addendum on 1/24/13:

 

 

Governor Jerry Brown, Udacity announce pilot program for $150 classes — from edsurge.com by Kris Hattori
San Jose State University will offer students three online classes from Udacity

Colleges lose pricing power — from the WSJ by Michael Corkery

Excerpt (emphasis DSC):

The demand for four-year college degrees is softening, the result of a perfect storm of economic and demographic forces that is sapping pricing power at a growing number of U.S. colleges and universities, according to a new survey by Moody’s Investors Service.

Facing stagnant family income, shaky job prospects for graduates and a smaller pool of high-school graduates, more schools are reining in tuition increases and giving out larger scholarships to attract students, Moody’s concluded in a report set to be released Thursday.

.

From DSC:
To me, this is just another way of saying the higher education bubble is popping.  I think the bubble may pop at different times for different institutions, but the overall picture is clear: Higher ed will either reinvent itself — and hopefully quickly — or it will lose a portion of its relevance and place in society (how much is ultimately lost depends upon how much higher ed can experiment, innovate, and reinvent itself).

Also relevant here:

 

From DSC:
In this series of periodic postings re: experimentation (see here and here), this week’s Consumers Electronics Show prompts me to think about different types of experiments, prompting such questions as:
.

  • When will we see more educationally-related second screen apps?
    .
  • How might this type of setup dovetail with MOOCs provided by institutions of higher education? With MOOCs offered by the corporate world?
    .
  • What sorts of technologies will weave their way into what could be offered here?
    (The following possibilities come to my mind: Artificial Intelligence (AI), learning agents, recommendation engines, course or topic playlists, web-based learner profiles, data mining/analytics, videoconferencing, educational gaming, virtual tutoring, BYOD, and/or cloud-based computing. Other…?)
    .
  • Will Internet-enabled marketplaces and exchanges — between learners and teachers — become commonplace?
    .
  • Will technologies involved with endeavors like IBM’s Watson or with Knewton be deployed in this kind of convergent environment? If so, what sorts of doors/job opportunities/new skillsets would that open up or require?
    .

.

The Living [Class] Room -- by Daniel Christian -- July 2012 -- a second device used in conjunction with a Smart/Connected TV

 

.

Some relevant items on this include:

Flingo reveals Samba, a first of its kind dual interactive TV and second screen platform — from pandodaily.com byasdf

Excerpt:

This week at CES in Las Vegas (the Consumer Electronics Show), San Francisco-based Flingo will release the latest version of its platform, dubbed Samba, aimed at changing this. Samba will make four-year-old Flingo one of the first to offer a combined Interactive TV and Second Screen experience.

“We saw a surge of Smart TV and tablet adoption in 2012, but realized that a seamless TV experience across all screens was missing,” says Flingo co-founder and CEO Ashwin Navin, formerly of BitTorrent. “Samba will blur the lines between linear television and the Web.”

Flingo is unique in that it uses video, not audio to identify what content is being viewed…

Samba offers viewers the ability to actively engage with programming in real-time through their primary screen. This can take the form of polls, social conversations, recommendations, or consumption of related media. In the case of Second Screens, aka internet-connected laptops, tablets, and smartphones used simultaneously while watching TV, the company can offer an even wider array of complementary content and engagement, such as aggregated social feeds relating to live programming or an ability to watch past episodes of a live show. This can all be delivered across multiple screens, in concert.

 

Also see:

Smart TV Alliance adds Panasonic and IBM to its fold, lays bare new SDK features -- Sean Buckley

 

Also see:

 

samsung smart tv ces 2013

 

Kevin Smith/Business Insider

 

More tangentially, but still relevant:

  • McGraw-Hill to debut adaptive e-book for students — from blogs.wsj.com by Shalini Ramachandran
    Excerpt:

    The SmartBook…works like this: All readers essentially see the same textbook as they read for the first five minutes. But as a reader answers review questions placed throughout the chapter, different passages become highlighted to point the reader to where he or she should focus attention.

 

Federal report highlights the economic case for higher education — from educause.edu by Jaret Cummings

Excerpt:

The U.S. Departments of The Treasury and Education recently announced the release of a joint report highlighting the economic value of higher education achievement for individuals and the country as a whole. Entitled The Economics of Higher Education, the report confirms the continuing importance of postsecondary success to economic progress, including key findings such as the following…

From DSC:
Much of this is great — no doubt about it!  Now, the question is, how do we make higher education more accessible/affordable yet still maintain the quality? Along these lines, see:

After housing and the stock market, is higher education the next bubble to burst? — from forbes.com by Avi Dan

Excerpt:

Few industries today have a worse business model than higher learning institutions.

Simply put, colleges are slowly pricing themselves out of existence. Tuition has consistently increased faster than inflation and household income, to the point that it is now four times more expensive to attend college than it was a generation ago. The result is that the average college senior carries $25,000 in student loans at graduations. The debt can follow students around for years, sometimes to the end of time, literally: $36 billion in loan debt is held by people over 60-years old!

 

From DSC:
Whereas:

  • The Walmart of Education continues and higher ed finds itself in a game-changing environment
  • The pace of change continues to accelerate
  • Disruptive innovations continue to poke at the higher education bubble
  • There is danger in the status quo
  • We all need to constantly reinvent ourselves and our organizations in order to remain relevant…

…institutions of higher education would be wise to significantly increase the priority of experimentation on their campuses during 2013.  This might take the form of creating smaller, more nimble organizations within their overall universities or colleges, or it might be experimenting with new business models, or it might be identifying/experimenting with promising educational technologies or new pedagogies, etc.  I will have several blog postings re: experimentation — and potential things to try out — during 2013; so stay tuned.

Whether we are staff, faculty, or administration, change is coming our way in 2013.  So starting today, get involved with further innovations and experiments on your campus — don’t be a roadblock or you will likely find your institution eventually becoming irrelevant. As Steve Jobs did/believed, cannibalize your own organization before someone else does.

 

The pace has changed significantly and quickly

 

From the January/February 2013 issue of The American Interest:

 

.

Excerpts (emphasis DSC):

The most important part of the college bubble story—the one we will soon be hearing much more about—concerns the impending financial collapse of numerous private colleges and universities and the likely shrinkage of many public ones. And when that bubble bursts, it will end a system of higher education that, for all of its history, has been steeped in a culture of exclusivity*. Then we’ll see the birth of something entirely new as we accept one central and unavoidable fact: The college classroom is about to go virtual.

Because recent history shows us that the internet is a great destroyer of any traditional business that relies on the sale of information. The internet destroyed the livelihoods of traditional stock brokers and bonds salesmen by throwing open to everyone access to the proprietary information they used to sell. The same technology enabled bankers and financiers to develop new products and methods, but, as it turned out, the experience necessary to manage it all did not keep up. Prior to the Wall Street meltdown, it seemed absurd to think that storied financial institutions like Bear Stearns and Lehman Brothers could disappear seemingly overnight. Until it happened, almost no one believed such a thing was possible. Well, get ready to see the same thing happen to a university near you, and not for entirely dissimilar reasons.

The higher-ed business is in for a lot of pain as a new era of creative destruction produces a merciless shakeout of those institutions that adapt and prosper from those that stall and die.

But what happens when a limited supply of a sought-after commodity suddenly becomes unlimited? Prices fall. Yet here, on the cusp of a new era of online education, that is a financial reality that few American universities are prepared to face.

Anyone who can access the internet—at a public library, for instance—no matter how poor or disadvantaged or isolated or uneducated he or she may be, can access the teachings of some of the greatest scholars of our time through open course portals. Technology is a great equalizer.

Big changes are coming, and old attitudes and business models are set to collapse as new ones rise. Few who will be affected by the changes ahead are aware of what’s coming. Severe financial contraction in the higher-ed industry is on the way, and for many this will spell hard times both financially and personally. But if our goal is educating as many students as possible, as well as possible, as affordably as possible, then the end of the university as we know it is nothing to fear. Indeed, it’s something to celebrate.

 

 


* The old way:

Colleges rise as they reject — from online.wsj.com
Schools invite more applications, then use denials to boost coveted rankings


 

 

Daniel S. Christian - Think Virtual -- April 2012

 

Also relevant/see:

From DSC:
Some reflections on New platform lets professors set prices for their online courses — from InsideHigherEd.com by Jeffrey R. Young

Excerpt:

Professors typically don’t worry about what price point a course will sell at, or what amenities might attract a student to pick one course over another. But a new online platform, Professor Direct, lets instructors determine not only how much to charge for such courses, but also how much time they want to devote to services like office hours, online tutorials, and responding to students’ e-mails.

The new service is run by StraighterLine, a company that offers online, self-paced introductory courses. Unlike massive open online courses, or MOOC’s, StraighterLine’s courses aren’t free. But tuition is lower than what traditional colleges typically charge—the company calls its pricing “ultra-affordable.” A handful of colleges accept StraighterLine courses for transfer credit.
.

StraighterLine-ProfsDirectlyToStudents-12-12-12

 

 

From DSC:
The power of online-based marketplaces. We’ve seen it in other industries.  Are we now going to see more of this within higher education as the unbundling of higher education seems to be a possibility?  Will there be an increased importance of professors’ individual brands? Could be.

The Power of Online Exchanges

.

DanielChristian-The-unbundling-of-higher-education

 

From DSC:
Congrats Burck & Co. on your continued innovative thinking and business models! Way to help keep a college education accessible to many!

 

© 2025 | Daniel Christian