kitchen table math, the sequel: 'If the price of something rises a lot, people look for substitutes'

Friday, February 3, 2012

'If the price of something rises a lot, people look for substitutes'

With regards to colleges, consumers typically have believed that there are no good substitutes ...
Things are changing, but it's debatable how quickly change willl occur.  The search for alternatives is leading to other entities offering credentials for much less than the $30,000-$60,000 per year that colleges charge.  New agreements between Burck Smith’s StraighterLine, the Education Testing Service (ETS), and the Council on Aid to Education (CAE) to offer online competency tests have just been announced.
Students can tell employers, “I did very well on the CLA and iSkills test, strong predictors of future positive work performance,” and, implicitly “you can hire me for less than you pay college graduates who score less well on these tests.”
More at Cost of College

Related:
M.I.T. adds credentialing to its online course program
Higher education is a prisoner’s dilemma

1 comment:

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