Everyone wants to learn how to do online business classes and learn how to manage their money. However, the idea of online business courses that are taught completely from an online platform is always a possibility.
Why We Should Not Be Investing In Online Learning
In the online learning industry, companies like Coursera, Khan Academy, and others are finding success, using a variety of methods to reach students. But there are some concerns that this business model leaves behind a significant portion of students who do not have the advantage of having the lowest prices.
Many people have become, unwittingly, part of this very specific case of a lesson plan taught online, acting as paid educational importers. The situation stems from an obvious observation: most online learning courses are priced higher than their in-person counterparts.
Online learning contracts are private, and its full “Investors’ Rights” at Coursera. It guarantees every user, from any source, full refund if they decide not to pay for the course. In this sense, online learning is definitely not public, and the value of the degrees it delivers is dependent on each individual’s willingness to pay. The good news is that this is possible. If Coursera were to allow all the people who have signed up for an online learning contract to be part of the class, the company would be missing out on at least a few dozen courses.
Similarly, the Khan Academy has developed a reputation for its quality user-facing instructor work; the reverse is also true. Programs run by Coursera provide the most courses that are valuable to the general public. But this problem isn’t unique to Coursera, or online learning.
Why Are Outcomes Associated With Premium Content Lacking?
Professional and educational outcomes do not exist in digital environments with students paying whatever the low pricing is. Yet, course outcomes are widely correlated with total tuition amount. Additionally, there is no way to tell in advance which courses are truly valuable to the population they are supposed to reach.
Because of this, there are millions of students paying high rates for online education, only to find out they are paying for worthless material, or their money is being wasted. Some blame educational costs on people deciding against taking the course because of having to pay a high price. But this is a practice that has been on the rise since the Second World War, when the Federal Government began subsidizing college for the poorest Americans. Since that time, our education system has continued to change, leaving many to wonder why public universities suddenly decided to think they could charge so much for a “good” education.
Enrollment is a Pricey Business
Online learning is less financially risky than it was in the 1970s and 1980s. Now, thanks to options like RocketJump and Meerkat, people have unlimited technology at their fingertips, enabling them to capture their own educational experience. Add in global internet connections, money, and understanding that the world is all interconnected, and it is easy to see why these services have grown in popularity.
But cheapening course outcomes is a trend that is developing quickly. Coursera is making its money by eliminating course enrollees, while other online education providers, which charge more in order to attract new classes, are also attempting to capitalize on this method of reaching a larger audience. In the end, the prospect of creating content you do not want to pay for is not appealing to many students, as many seek the knowledge provided in traditional formats.
Is Online Learning the Next Educational Revolution?
We are living in a period of information overload, where all sorts of new digital platforms seem to be popping up each day. This is happening at all levels, including traditional education, and the steady creation of new training platforms that utilize AI tools to enhance and improve human knowledge. Online education isn’t going anywhere. In the words of LectureWare professor, Jonathan Woocher, “there is no digital substitute for education.”