Harvard Business School professor Clayton Christensen issued a bold prediction that half of the 4,000-plus colleges in the United States will go bankrupt within a decade, as online education catches fire.
The Department of Education and Moody’s Investors Service also project that, within a few years, closure rates of small colleges and universities will triple and mergers will double.
Experts have now long been predicting that online education institutions, specifically massive online open courses (MOOCs), will take off and transform the higher education landscape. That hasn’t happened yet. The majority of people enrolled in MOOCs already have a minimum of a bachelor’s degree.
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