Online-only Woolf University aims to charge $57,600 (£41,462) for its first degrees
Sourced through Scoop.it from: www.timeshighereducation.com
Is this a first attempt at an alternative business model in higher education? or a first mover advantage into an area that many would argue is the future? Having said that, the cost of the education still seems exorbitantly high? If we are going to innovate education by creating new business models, should we not be thinking about reducing tuition costs first? The future of education will continue to be driven by both social and economic need. The current education system that has become exceedingly top heavy, overly bureaucratic and too expensive was built to service the industrial revolution (i.e. economic and social need). This current idea of a block chain university, in my opinion, is not pushing the boundaries far enough. It’s building a traditional system on top of the block… oh, wait.. isn’t that what we have done with online education too… moved traditional teaching online… maybe we need to start over? Maybe the very people that created, and continue to run the current system, are not the right people to change it?