Global Education Communities Corp T.GEC

Coming tectonic changes in education

[Dibah42]

The pandemic will, a few years hence, be long gone and forgotten;  but the behavioral changes it is inculcating might endure.  The economics of on-line ed are compelling.  I can audit any course I choose at Harvard/MIT's   edX for FREE.  For a couple of hundred I can take the exams & get CREDIT for the same course and work towards a degree.  By contrast across the river at Boston U an on campus ed is approaching $76k-$80k per year.  What is a parent to do?

Canadian institutions keep plodding on in their insouciance oblivious to student demands to reduce tuition.  Simple truth is they cannot reduce tuition without cutting jobs.  Hence the conundrum.

Toby's model relies on filling beds while the very same beds are becoming increasingly  irrelevant to getting a degree.  

Don't get me wrong.  I believe it will be a catastrophic tragedy if future generations were deprived of the educational experience we enjoyed ourselves.  But in the macro picture something has to give.  How long can Harvard/MIT give away courses/degrees for pennies without destroying themselves?  Get them hooked initially with freebies then hit them with a pay wall?

Cheers.

[TickBomb]

I think you might be leaving of several aspect of the model out.  Number one is that education is an immigration visa entry stream.  It's the cost of entry to the west that many families will pay to plant the seed for their kids and eventually sponsored entry for the rest of the family.   Immigration aside, college in Canada is trade school.  So you physically need to be