The Big Business of Online Education

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Educational Innovation Weekly Review for Ed Leaders
Curated by Tecnológico de Monterrey's Observatory of Educational Innovation
April 21, 2015
Contact us observatorio@itesm.mx
The Big Business of Online Education
EdTech
  • Earlier this month, LinkedIn announced its plan to purchase lynda.com. There's much to learn from LinkedIn's move. Namely, online learning has become big business. According to Inside Higher Ed, colleges and universities are projected to pay $1.1 billion this year to online program management providers to meet a growing, nontraditional audience. 
  • About this, Clayton Christensen declared during a EDUCAUSE 2014 keynote that the higher education experience was becoming increasingly modular as a result of growing online options. But that growth may dilute the brands of historic universities, “When it becomes modular, then anybody can declare themselves a university,” Christensen said.
Visit Website: http://bit.ly/BigOnlBusiness

Keywords: Online Education
What People Think About College: a Snapshot of Public Opinion
The Chronicle of Higher Education
  • Given that the value of college is frequently challenged on multiple fronts these days, interest in how the public regards higher education runs pretty high among its champions. The latest public-opinion poll from Gallup and the Lumina Foundation provides some new data points.
  • Let’s take at look at some of the other findings: Just 13 percent of survey respondents strongly agreed, using a five-point scale, that the country’s [USA] college graduates were well prepared for success in the work force.
Visit Website: http://bit.ly/PublicOpnion

Keywords: Higher Education, Colleges & Universities, Public Opinion
Harvard Is Sitting on Over $40 Billion
Bloomberg Business
  • The rich are getting richer in U.S. higher education. The assets of the 40 wealthiest institutions, led by Harvard University, have increased 50 percent over the past five years, according to research being released by Moody’s Investors Service. 
  • Moody’s said the wealthiest 40 schools account for almost two-thirds of the total assets of the 503 schools it rates. “This growing gap will pose increasing competitive challenges for less-endowed institutions that do not have the resources to invest in facilities, financial aid and strategic initiatives.”
Visit Website: http://bit.ly/Harvard40billion

Keywords: Higher Education, Business
U.S. Department of Education Fines Corinthian Colleges $30 million for Misrepresentation
U.S. Department of Education
  • The U.S. Department of Education has confirmed cases of misrepresentation of job placement rates to current and prospective students in Corinthian's Heald College system. The Department found 947 misstated placement rates and informed the company it is being fined about $30 million.
  • As part of these ongoing efforts to ensure that career colleges prepare students for the workforce, institutions are required to provide accurate information about their graduates' job placement success and the types of employment their graduates obtained.
Visit Website: http://bit.ly/30millionFine

Keywords: Corinthian Colleges, For-profit
Disrupting Higher Education
Campus Technology
  • "Disruption" is one of the most overused buzzwords in education today and yet, most people don't really know what it means. There is this tendency to call any kind of technological advancement a 'disruptive innovation'. But obviously, it's not that simple.
  • According to education industry watcher, Michelle R. Weise, true disruptive innovations can be identified by six characteristics that might at first seem counterintuitive. Weise pointed to an example in higher education that checks all of the six characteristics: the for-profit University of Phoenix.
Visit Website: http://bit.ly/DisruptingHE

Keywords: Innovation, Higher Education
How to Care for Your Digital Campus
The Chronicle of Higher Education
  • A college’s web presence — its digital campus — is becoming the gateway to its physical campus, and the experience students and parents have in that space contributes to their picture of the college as a whole. Sadly, for most colleges, the picture isn’t very pretty.
  • Many colleges take great care to maintain a beautiful and functional physical campus. Unfortunately, we don’t do the same with our digital campuses. Many colleges leave their entire digital campus in the hands of a few web developers spread across the institution.
Visit Website: http://bit.ly/DigitalCampus

Keywords: Digital Campus, Technology, Higher Education
California’s Multi-Million Dollar Online Education Flop is Another Blow for MOOCs
The Hechinger Report
  • “Reinvent.” That was the giddy catchword of a plan by the University of California to create an all-digital “campus” that would revolutionize higher education by providing courses online for students shut out of the of the system’s brick-and-mortar classrooms. 
  • Three years later, the Online Instruction Pilot Project has become another expensive example of the ineffectiveness of once-vaunted plans to widen access to college degrees by making them available online, including in massive online open courses, known as MOOCs.
Visit Website: http://bit.ly/MOOCsFlop

Keywords: MOOCs, Online Education
How Open edX Plans to Reach 1 Billion Learners
EdSurge
  • Critiques about MOOCs, centered around low completion rates, may be fair and valid. But these concerns are framed in the traditional benchmarks for what makes a college course successful.
  • In June 2013, edX open sourced its MOOC platform, “Open edX”. So far over 70 organizations have joined and the platform hopes to reach one billion people within 10 years. It’s a noble ambition, but one that may only be possible if the Open edX feature roadmap goes according to plan.
Visit Website: http://bit.ly/edX1billion

Keywords: MOOCs, Online Education, edX
MIT Launches Online Education Policy Initiative
Inside Higher Ed
  • The MIT Online Education Policy Initiative studies the impacts of online learning on the higher education community from a policy perspective. The initiative will release reports, host workshops and lecture series about online learning.
Visit Website: http://bit.ly/MITOnlinePolicy

Keywords: Online Education
Administrators: How to Get Out of the Office and Into Classrooms
Edutopia
  • Conceptually, I believe that every administrator would agree with me that they need to be in the classroom to be the most effective with teachers and student learning, but in reality, it is easier said than done. Given this, the ultimate question of every administrator is that, given all of the demands on an administrator's time, what can we do to escape the pull of the office spend a majority of our time in the classroom? 
Visit Website: http://bit.ly/OutoftheOffice

Keywords: School Leadership, Administration, Management
‘When is Cheryl’s birthday?’ The Math Problem that Stumped the Internet
The Washington Post
  • Are you smarter than a Singaporean high school student? Here’s one way to find out. A math problem intended for sophomores and juniors in Singapore has become the obsession of some portion of the Internet over the past few days. The students were asked to answer a seemingly simple question: “When is Cheryl’s birthday?”
Visit Website: http://bit.ly/CherylsBdayProblem

Keywords: Math, Science
Educational Innovation Weekly Review is curated by Tecnológico de Monterrey's  Observatory of Educational Innovation. With the highlights of the week on innovation, technology and education. If you require more information about a specific note, please email us: observatorio@itesm.mx. TECNOLÓGICO DE MONTERREY, 2015.

Observatory of Educational Innovation

Tecnológico de Monterrey's Observatory of Educational Innovation: We identify and analyze the educational innovation trends that are shaping the future of learning and education. 

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