Comment What impact will online courses... (Score 1) 69
(in your view) have on the cost of a four year degree in the next 20 years? I am not speaking directly in context of Khan academy - but online courses in general at universities - as well.
Traditionally, the cost of a course is divided between the limited physically present students. With the advent of online universities and courses, that cost can be divided across students across many geographical boundaries. A student in his parent's basement in Malawi could theoretically take a Political Science course at Stanford. This has many advantages:
a) Universities can educate more students per semester per course - so they bring in more revenue.
b) Students don't have to pay for room and board - so it reduces the direct burden on the students.
c) Deserving students can take courses without having to go through the hell of getting a US visa.
For degrees (like Computer Science) that don't need much laboratory work (that you need to be physically present for), it seems to me that the cost of education should actually start to come down drastically with online courses - but I know I am missing something and big education is going to work hard to keep the fees up.
Traditionally, the cost of a course is divided between the limited physically present students. With the advent of online universities and courses, that cost can be divided across students across many geographical boundaries. A student in his parent's basement in Malawi could theoretically take a Political Science course at Stanford. This has many advantages:
a) Universities can educate more students per semester per course - so they bring in more revenue.
b) Students don't have to pay for room and board - so it reduces the direct burden on the students.
c) Deserving students can take courses without having to go through the hell of getting a US visa.
For degrees (like Computer Science) that don't need much laboratory work (that you need to be physically present for), it seems to me that the cost of education should actually start to come down drastically with online courses - but I know I am missing something and big education is going to work hard to keep the fees up.