Are our Universities turning into obsolete due to their cost structures and tuition fees? What suitable is getting a degree if it economically enslaves you for a decade or extra? What exact are levels for which there are not jobs or career path? Learning some thing for the sake of gaining knowledge of it is awesome, however that is a luxury, no longer a viable profession possibility. If the cost systems for the Universities came down so too should the tuition prices – why have large buildings and all those centers if you may teach the identical guides online?
There turned into an interesting article on April 6, 2014 in the Ventura County (California) Star Newspaper titled; "Business Degree Going Online – CSU Channel Islands to Offer Program in Fall," via Jean Cowden Moore which cited that the California State University set up the class to assist unmarried mother and father whilst attending magnificence would be a worry or military employees that can’t get to elegance due to their provider.
Additional college students would encompass profession enterprise humans that cannot take the time to get to the University however want to get their commercial enterprise degree even supposing they hadn’t yet completed it, perhaps a few gadgets quick. The fee might be $four hundred in step with unit. Talk approximately a excessive profit margin, the complete elegance is often online. Get this – there is a waiting listing for those online classes to be able to be presented to perhaps one hundred that qualify on a unique basis due to needs and occasions. This is the start parents.
The fee in line with unit will come down, and extra classes provided, sooner or later, why could everyone need to in reality visit the university or any college for that depend? Just assume if we had such instructions to be had to everybody, that $400 in line with unit magnificence could be more in keeping with the Udemy Online University internet site in which training start at $20 to $forty.00 and also you get the equal facts and no concerns about paying off college debt upwards of $50,000 or greater.
It is for this shear purpose that the future of Universities is in jeopardy and shortly the bubble will burst because the student loan default fee hits 50% and 1.5 Trillion Dollars extremely good. That’s the course we are on. Right now, Congress is speakme about a Student Loan bailout of $108 Billion and that wouldn’t even fix the current hassle completely – what we’ve got now is a runaway economic bubble inside the pupil loan space, and it’s far getting quite serious. Please suppose in this.