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Will “the Blade” Pop the Higher Education Bubble?

Greg1084 Wrote: Jun 27, 2012 7:24 AM
Over 400,000 people signed up for the Stanford course. 58,000 finished it. The top 410 students were on-line students. Most of the Stanford students stopped going to class and took it on-line. The top Stanford student was number 411, and that was an on-line student. The professor quit to start udacity, an on-line university that is just now starting. Khan Academy is up and running and free. The 33,000 enrolled at WGU is a drop in the bucket. The mold is already being broken for higher ed. Daniels' job is not to transform Purdue, but to save it. Any big university that doesn't get out front on this won't exist in twenty years.

Indiana Governor Mitch Daniels announced that he will become the president of Purdue University when he leaves office in January. While fans of the cost-cutting governor had hoped he would set his eyes on a different president, the announcement should be welcome news to students and taxpayers alike. One of the nation’s most successful, reform-minded executive can now play a role in reinventing higher education.

Few sectors of the economy are in greater need of reform and have such promising solutions lurking just around the corner.

The United States spends approximately $460 billion annually on postsecondary education, or about 3.2...