Post Corona: Higher Ed, Part Deux | No Mercy / No Malice

Still remaining is the possibility of achieving major cost reductions through the use of online courses. It is quite possible that technology will permit colleges to offer an education of equal (or better) quality with fewer professors and thus bring the same type of cost savings to higher education that industry has long enjoyed through substituti

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These programs could also liberate education from its ageism. College is the most ageist sector in the U.S., a huge industry set up to serve 18-24 year olds. Even graduate schools are designed to appeal to twenty-somethings. Yet our innovation economy means people will need new skills at every phase of life.

Perhaps then, the opportunity to disrupt business school is not to change the incentive structure or delivery mechanism, but rather to simply deliver more value for a better price. There’s one company that is on its way to cracking that code: On Deck.

In fact, you can probably make the case that in the long run, the coronavirus pandemic might help sustain the current paradigm of higher education, rather than destroy it. All it takes is one year of seriously threatening to take away everything that makes college great for us to be reminded why it’s so hard to opt out. Yes, some schools will go un... See more