Online Learning Update

April 29, 2012

Is Online Learning the Hatpin to the Education Tuition Bubble?

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

by Froma Harrop, Richmond Register

A modern knowledge economy thrives on highly trained workers. The way to get them, obviously, is through education – from basic reading skills for some, to mastery of algorithms for others. It thus would seem a basic public good to provide that learning at little or no cost to students, which most advanced countries do. But America has turned post-high-school education into a taxpayer-subsidized business – a business not unlike real estate at the height of the housing bubble. Think Americans owe a bundle on their credit card balances? They have $693 billion on their plastic, while they owe over $1 trillion on student loans, according to the Consumer Financial Protection Bureau.

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