Comment Re:Good business, but... (Score 1) 40
I think the model will be moving quite rapidly towards optional invigilated final exams in meatspace where identities can be verified. In those cases, the certificate could become accredited by the institutions, count towards degree requirements or have another form of recognition by another respected body. This leaves the open free knowledge aspect of MOOCs intact for those unwilling or unable to pay and adds the option for some form of more official and weighty recognition for those willing to pay a small fee and sit the exam. These courses are handling 50k students, so if 10% are willing to sit an exam and pay 100 bucks for some form of official and recognized verification, then that's 500,000 in revenue for one iteration of the course -- and once up and running, the courses themselves don't require a large amount of staff or upkeep costs. That's comparable to the kind of income universities can generate from courses where the student numbers are in the hundreds.