How can you generate revenue when you don’t charge at the entrance? Charge people when they want to go out. This seems to be the business model that MOOC providers are headed for if you take a look at the recent developments.
Though many purists claim that the “O” in MOOC which stands for open has progressively become meaningless, people can still take part in the vast majority of MOOCs, if they happen to be in countries that are not under US trade sanctions, of course. And this is a huge shift away from the classic academic model that tends to create the first barrier of entrance right at the start. On the one hand, students either need to have the required grades and qualifications, and parents, on the other hand, need to have sufficient income to pay for their kids’ tuition. I won’t go into the whole student loan crisis here, a very lucrative market for startups, by the way.
Taking a MOOC (almost) anyone from (almost) anywhere in the world who has a (sufficient) Internet connection can learn from the best professors of the most renown universities. And this is a problem as with no artificial limitation of access the number of highly educated individuals goes up which means the perceived value of a degree goes down. If everyone in your family holds an MBA or PhD it is hard to brag about it.
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