Jan. 12, 2010
This article on Yale's free, on-line courses shows what is happening.
You can get a Yale education for free. Not yet. In five years, yes. But you can get some courses.
At MIT, you can get all of them.
You can earn an accredited degree for about $12,000 to $15,000 from several exam-only accredited universities.
Why pay $100,000 for a degree from some nondescript fourth-rate private college?
They don't dare put their courses on-line. Students and parents could see how ill-prepared their faculties are. Compared with the best universities, these little schools have fourth-rate faculties. The top 30 schools in the U.S. have the best faculty and the best students.
A degree from an accredited exam-only college is as good as a degree from a no-name private college, and costs 15%. You can get out a year early, meaning you get that income.
I describe how to do this here: //www.garynorth.com/products/item7.cfm
The Web will make podunk colleges obsolete within a decade. They may hang on for a decade longer, but they are doomed.
It's about time.
But what will replace them as marriage brokers? We don't know yet.
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