I have been saying that the internet would enable free markets to provide free education. This is now a reality. And this will radically reshape the education industry which has been founded on the industrial era template.
The ball just got rolling with University of People. (pointer to Jeff Tucker Mises Blog)
University of the People (UoPeople) is the world’s first tuition-free online academic institution dedicated to the global advancement and democratization of higher education. The high-quality low-cost global educational model embraces the worldwide presence of the Internet and dropping technology costs to bring university-level studies within reach of millions of people across the world. With the support of respected academics, humanitarians and other visionaries, the UoPeople student body represents a new wave in global education.
UoP’s Mission
University of the People (UoPeople) is a non-profit organization devoted to providing universal access to quality, online post-secondary education to qualified students.
The vision of University of the People is grounded in the belief that universal access to education is a key ingredient in the promotion of world peace and global economic development.
Spiraling costs of industrial era education is about to crater, whether in the US or in the Philippines. And so will public (tax payer funded) education. Credentialism via certification will likewise be transformed.
Colleges must invite visiting faculties from the industry to educate the students about the real world problems in a particular industry, each program must restructured by the advisory board, comprising of leaders in the industry, this will help education achieve its purpose.
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