A College Without Classes from the Atlantic
"Forget credit hours—in a quest to cut costs, universities are simply asking students to prove their mastery of a subject. ... College is getting more expensive, after all, in part because schools have to pay for faculty and buildings and land and football teams and fancy dorms. An online education model does away with most of those things. Some students may want them. But many don’t and can’t afford the additional costs. Neither can the nation, which needs more college graduates to fill the 60 percent of jobs that, by 2018, will require a college diploma."
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