The coronavirus pandemic has brought higher education to a crossroads. The New York Times article linked below explains the challenges educators face. My personal view is that the changes that occur over the next year will affect the way we teach permanently, and importantly, the financial situation of colleges and universities. To reduce tuition for online courses will require dramatic reductions in fixed costs and ongoing operating costs. I teach capstone Strategic Management courses at several universities. This is the year when the effective application of Strategic Management principles will be critical to the survival of our higher education systems.
Here is the New York Times article:
As Colleges Move Classes Online, Families Rebel Against the Cost
"Schools face rising demands for tuition rebates, increased aid and leaves of absence as students ask if college is becoming 'glorified Skype.'"
#highereducation #onlineeducation #tuition #educationcosts