Online Learning Update

October 26, 2016

The costs of competency-based education

Filed under: Online Learning News — Ray Schroeder @ 12:10 am

by Jarrett Carter, Education Dive

A recent analysis of competency-based education reveals four new models of development and approach, which are finding more support from colleges and universities nationwide. According to the analysis, institutions implementing CBE programs can expect an initial investment of just over $382,000 to develop one two-year degree program, and between $4.2 and $11 million over a number of years to create a number of programs which can save students and institutions money in faculty and technical resources, and in tuition savings. About 75% of institutions surveyed on CBE implementation expect these programs to break even on costs in six years.

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