by Laura Shin, Credit.com
Late last year, total student loan debt in the United States reached $1 trillion, a situation that set off a lot of hand-wringing. And for the people bearing the burden of the debt, the crisis is a deeply personal one. At the time, few could have predicted that a revolution was already in the works that could someday make student loan debt a thing of the past. But MOOCs-the nickname for Massive Open Online Courses, which offer elite college-level instruction to anyone with an internet connection-have exploded over the last year, drawing students from locations as far-flung as Sri Lanka and Nepal and even stimulating the minds of retirees in Indiana. The biggest of the companies offering MOOCs, Coursera, had an enrollment of 1.7 million this fall. And what’s the price tag on these courses offered by professors from such top universities as Stanford, Harvard and Duke?
http://blog.credit.com/2012/12/how-a-college-education-could-cost-0-in-the-future/
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