In the aftermath of the credit bubble, students and their parents are no longer able or willing to borrow mind-boggling sums to ‘afford’ education. Governments will not be able to continue underwriting super-sized post-secondary costs either. Economic realism is demanding new, more efficient learning models. More savings for consumers and more creative destruction for institutions that have become impossibly bloated and disconnected from the financial resources of their customers. Sal Khan is a leader in this revolution. His insights in this discussion are worth the time.
Khan Academy’s Sal Khan discuss whether or not online education will ever replace traditional classrooms, and why he thinks paying for that MIT or Harvard degrees may be “a little bit suspect.” Here is a direct video link.