Skip to comments.Harvard Business School professor: Half of American colleges will be bankrupt in 10 to 15 years
Posted on 11/16/2017 4:08:23 AM PST by x1stcav
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.
(Excerpt) Read more at cnbc.com ...
A positive development.
I’d say 95% of them are academically bankrupt NOW
For online education to be effective and accepted by employers, the grading has to be real. I worked my bottom off for my MBA. Others in my “class,” who put little or no work in, got the same A I did. The difference was, I really wanted to learn something. I did practically every homework problem, assigned or not. The educations we got were unequal, but the grades were uniformly high. Consequently, I don’t think potential employers believed there was any value in my degree.
Many, many people go to college to delay the onset of adulthood. So unless "online learning" comes with fraternities, spring break at Daytona Beach, and "safe spaces" in cyberspace, I think the forecast here in this book is all wrong.
I look at my situation, and don’t think I’m atypical. I’m a retiree who loves to learn, especially without grade pressure. I watch Great Courses. It’s a much better way to learn than a classroom environment.
Yep—not a moment too soon.
I see their campuses turning into retiree housing and playgrounds.
Dont forget the perception among most young people of college being the only qualifier for a good or even marginal job.
I’m sure Goody would approve of this new direction in higher ed.
I’m with you. I’m currently doing Hillsdale’s Western Civ course.
(I was indifferent to Western Civ in college)
If much of what I am reading about AI is true, will it matter what we humans do about seeking higher education? It appears the bots will make all the decisions anyway. And, if the online method will rid higher education of its infestation of liberal/socialist/ communist professors, then so be it.
How do you take a Lab over the internet?
If you are doing metallurgy, how do you heat treat a billet of steel or measure the tensile strength of an aluminum rod?
“A positive development”
Other than rampant cheating on line. Complete idots will have degrees courtesy of the paid for professional test takers. Know a guy who did that for his mathematically challenged Daughter who couldn’t get out Community College for a four year University until she passed Algebra. Three trys on her own, nope. $1000 to some math wiz Graduated.
Yes and no. Just imagine what all those unemployed leftist/communist professors are going to do with their spare time!
At least when they are teaching, they are gathered in clusters. What happens when we let them loose and they are wandering around. Kind of like opening all the cages in all the zoos.
I am not sure if it was the Conservative Mackinaw Center that said a while back only 2 of the 5 major schools in MI will survive between cost and demographic trends and I don’t remember the time horizon. The point being, these schools have gotten too expensive, and their are alternatives, it is just a matter of time they are in a gut wrenching change scenario.
This book was published seven years ago. So I guess we’ll see if they’re right in about three years.
Online colleges are setting up engineering labs for this very reason.
Should be 2/3.
They overspent for a fad.
They have abandoned their traditions.
They are the next Sears.
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