Online Learning Update

by Lauren Landry, BostInno

The last Ivy League school to be established was Cornell in 1865. Now, nearly 150 years later, Ben Nelson, former CEO of Snapfish, is introducing a new university similar to the Elite Eight. Called The Minerva Project, the online school has raised $25 million, the largest seed round in Benchmark Capital’s history. Nelson noticed a number of things missing in today’s Ivy League institutes, the biggest being capacity. “Over the last 25 years, the elite schools in America have largely frozen their class size,” Nelson says. This year, Harvard’s acceptance rate was at a record low, 5.9 percent, and Yale wasn’t too far behind at 6.8 percent. Interest continues to grow, however, as Nelson remarks, “the demand for elite higher education in the United States has gone through the roof.”

http://bostinno.com/2012/04/14/the-ivy-league-online-the-minerva-project-sets-out-to-make-elite-education-accessible-to-the-middle-class/