Online Learning Update

August 19, 2010

Web Site Lets Students Bet on What Grades They’ll Earn

Filed under: Online Learning News — Ray Schroeder @ 12:01 am

By Sophia Li, Chronicle of Higher Ed

What return can students expect on the thousands of dollars invested in their college educations? Preparation for a professional path, maybe. Self-enrichment, others say. A Web site called Ultrinsic tries to make the rewards of studying more immediate. Students can make a small bet on how well they’ll do in a course, with a starting limit of $25 on how much they can earn. The students contribute a chunk of the money, and Ultrinsic puts up the rest. If they make the grade, they win it all. If they don’t, the students lose what they put in. And the higher students set their sights for their own academic performance, the bigger the payoff.

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