Q: What was the yoy % growth in online education student enrollments?
Why this matters:
Its the lowest growth rate in 12 years!. Despite the press around Moocs (Massive Open Online Courses), the Babson survey (link) cites a number of troubling stats:
- Only 28% of academic leaders say their faculty accept the value and legitimacy of online education
- Adoption of MOOCs (Massive Open Online Course) is reaching a plateau, only 8.0% of higher education institutions currently offer one, another 5.6% report MOOCs are in the planning stages
- The proportion of academic leaders who believe that MOOCs represent a sustainable method for offering online courses dropped to 16.3%
Implications for 2015:
Higher ed institutions will be in a world of hurt if online platforms do not improve. Except for the most very elite families, $60,000+ annual costs, which continue to rise at a historic 20 yr CAGR of over 4%, is not sustainable. The student debt totals exceed $1.2 Trillion and shows no sign of abating. Expect to see significant, continued investments in alternative, competency-based training as an offset to these spiraling costs and lumbering models of education.
Industries it affects: #Education