According to the National Venture Capital Association, a staggering $463 million has already been invested this year by venture capitalists into educational technology companies in the USA. Desire2Learn: $80 million in September (not a start-up, of course, but still a significant online education company.
At the same time, the California two year college system has undergone nearly $1 billion of cuts since 2008, resulting in a waiting list of 470,000 students who cannot get into classes. The California State University system meanwhile is outsourcing most of the services for CalState Online to Pearson. In the forthcoming November elections in California, in order for the governor to increase some state taxes, proposition 30 attempts to get round the infamous proposition 13 in 1978 that outlawed any property tax increases for ever in California, resulting in the state going into effective bankruptcy last year. Clearly the USA is in the process of undermining their public state system of education (at all levels) and in effect privatizing education. My concern though is that in the urge to get  a return on their investment, these privatized, American online companies will start to gnaw away at the funding behind public education systems in countries outside the United States. And as an aside, where the hell are the Canadian venture capitalists?
It is clearly the goal of the xMOOC companies such as Coursera and Udacity to go global with their offerings. If we accept that more and more people (career-seekers and employers alike) will be well-served by post-secondary qualifications that are not the result of a university education in the traditional sense, then universities will come under pressure. Let’s hope that we get high quality online learning environments that students can use to individualize learning and learn at their own pace. In the US at least, students are paying for things like course packs from publishers, sometimes an additional $40 per student, plus an etext or two and sometimes for access to online labs.
To get to this point though will require many hurdles to be overcome, such as faculty resistance and IP issues. Antioch will assign a facilitator for the online course and at the end ANTIOCH will award a credit . That includes initial development cost ( Intellectual Property Rights of the professors + schools ) + annual recurring costs for 5 years , TAs, instructor, hosting ( done by Coursera, Udacity at $ 1 per person , they declared that ) But probably Coursera will ask 10% for their marketing efforts .


Then if a course is taken by 1 million people in 5 years or 10 semester s then the cost is $ 1 .
That means universities and Udacity + Coursera will make good money even thou?gh they do charge just a little. Return to top of page This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License. In order to do so, try to look for some passive source of earning that will help you boost your monthly income. There is a new hype on making money online; and it is in fact real and creating waves of internet marketers who want to make it big in the affiliate and marketing industry online. The world needs mass post-secondary education and higher education has been the only game in town for a long time. They will have to show clearly how a university education is worth the extra time, money and effort, and they will have to learn to engage with other business models without sacrificing their brand’s reputation and underlying values. Teachers can circulate to work with individuals or groups like the flipped classroom process. See my post on British Columbia’s open textbook plan, based on a similar plan being introduced in California. They are not insurmountable though and competition (from the venture capitalists) is likely to cause these barriers to fall. If you want to embark on a new frontier of doing business; you need to get a virtual presence. A lot of success stories online is indeed a manifesto of how effective online marketing is. Google adsense can be the ideal option that can help you earn money online in your leisure hours. While most businesses needs a significant amount of capital and upfront work, an online business needs only moderate amount of work and little investment-typically $35 or less.


But, faculty have lost the argument at the 13-16 level that they should be seen differently, given the fact that they have been, over the years, pushing lower ranked faculty, grad assistants and adjuncts into the 13-16 slot and it is now biting them in the behind. Public education has been used to cross-subsidise research costs so there is huge opportunity for business models that don’t need to fund that subsidy. In some respects, like premium champagne producers, universities will have to deliver to various quality and price points in a segmented and increasingly discerning market. Everybody have actually established online presence may it be for business or for personal reasons. The internet has definitely tweaked our careers and has pivoted the way we work in today’s modern world.
It pays to build your network; whether it be for personal reasons or for career or business pursuits.
You can choose between that of the downloadable version which can be installed quite easily and that of the online hosted version. Given the global demand for post secondary education and how we perceive quality, I think very many will devise, copy and adapt successful strategies.
34, No.2This ODLAA Publication is licensed CC-BY-NC-ND and is now available free of charge at ResearchGate. I think the start-ups and their financial backers have a more challenging task ahead of them, and Tony’s account of strategies for diverting funds out of the public education system, perhaps is evidence of this challenge.



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