For a number of years, people have been able to obtain an education on the cheap. MIT Open Courseware, coursera are a couple. There are a plethora of them available for students to learn how to code. One of the biggest limitations of these places is obtaining accreditation.
University of the People is one of the newer university where students can obtain a degree for $4000. Students only pay for tests at $100 a piece. Currently, they only offer two programs, business and computer science. All classes are 100% online. This sure beats the pricing model of other distance learning programs such as University of Phoenix.
I am wondering, what will the impact be to the higher education industry? I am thinking that traditional universities will have to differentiate themselves to justify the much higher cost of obtaining a diploma. Alumni networks will be one of them. Career mentorship and development will be another. What other ways do you think traditional universities will be affected? How will they adapt?
Any other on the cheap universities that students can obtain accreditation that you've heard of?
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