Free Ivy League Education: Threat To The Economy?
Today, Americans hold claim to over $900 billion dollars in student loan debt. Since 1978, college tuition has skyrocketed by over 900%. One-third of all college graduates end up taking jobs that do not require a degree. And even further along, 1 out of every 2 new graduates walk directly from the stage to a life of unemployment or underemployment. That’s the statistics.
The wonders of the world wide web are always on incline. And while online courses have always existed, the availability to a free post-secondary education has never been as present. From institutions such as Udasity to MitX, there is a collective of possibilities inbetween.
And the overall feedback has been phenomenal. Working towards a degree just like any other, these free online courses are the gateway to breaking out of the matrix and finding a path to financial freedom on new terms. Highly successful and popular in countries from Nigeria to England, China, and the States.
The debate, however, is a dialogue about its reach and effectiveness. Still in its early stages, the kinks to each individual program’s downfalls are being explored. While the classes allow you to learn from an accredited professor on an intimate level and at your own pace, the drop out levels are higher than usual.
The first factor of this may be age. These online courses aren’t necessarily considered the best choice for young adults, say, straight out of high school. This is because it lacks the community element. During the first critical years of college, many young adults are still unsure about what path it is they want to take in the future. So exploration through activities, the environment and experiences on campus, hands-on accounts and conversations with professors and peers plays a crucial role for a wandering curiosity.
The second cause may also be time. While most paying-full-time college students have the availability to balance work with school and play, many online consumers are older with more distractions to uphold; such as full-time work, family, children, etc. But in the same breath, many of the same demographic were never able to afford this education because of these responsibilities. So it all goes hand-in-hand. It’s all dependent upon your scheduling and organizing of duties. Especially for the Ivy League education, it takes a lot of time and dedication to sit, understand, learn, and practice the information taught to you, in order to pass the quizzes and tests that follow.
Ultimately, the choice is yours. If you need an environment that encourages you the same as your professors, an online education may not be the route for you. But if you are motivated enough to know what you want for yourself, and to devote the time, patience and persistence, BBC News has revealed that it’s all here for you. At the click of a button.
Watch the more informative and detailed account of the process below, exploring several participants and getting a first-hand look into the universities themselves.