Give-away pricing in education, Mr. Michael A. Cusumano, a professor at the Sloan School of Management at M.I.T warns, may be a misstep. The damage would occur, he writes in an article published in “Communications of the ACM“, the monthly magazine of the Association for Computing Machinery, “if increasing numbers of universities and colleges joined the free online education movement and set a new threshold price for the industry — zero — which becomes commonly accepted and difficult to undo.”
He also writes: “Will two-thirds of the education industry disappear? Maybe not, but maybe! It is hard to believe that we will be better off as a society with only a few remaining megawealthy universities.”
via Beware of the High Cost of ‘Free’ Online Courses – NYTimes.com.
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