Why College May Be Totally Free Within 10 Years

Is there life after O/A-Levels? Definitely! How well a person does in tertiary education is correlated with job opportunities open to the person. Discuss issues pertaining to nstitutes of higher learning here.

Why College May Be Totally Free Within 10 Years

Postby AceTutors123 » Tue Oct 16, 2012 10:52 am

Why College May Be Totally Free Within 10 Years
Higher education is in transition and with a coming proliferation in online courses could be totally free for many within a decade. The status quo won't yield easily. But this is looking like a real answer to runaway student debt.

NANTUCKET, Massachusetts — As few as 10 years from now, quality higher education will be largely free—unless, of course, nothing much has changed. It all depends on whom you believe. But one thing is clear: The debate about financing education grows louder by the day.

Experts with a wide range of views on the subject, including the always-interesting Harvard professor and former Treasury Secretary Lawrence Summers, weighed in last weekend at the Nantucket Project, a big-think conference in the spirit of TED and Aspen Ideas Festival. The most provocative, though, were hedge fund billionaire Peter Thiel and the author and entrepreneur Vivek Wadhwa.

Thiel has gotten a lot of attention for his view that higher education is broken, and that many kids would be better off saving their money and going straight from high school into a trade or developing a business. His “20 under 20” fellowship grants high school graduates with a sound business idea $100,000 if they agree to skip college and go right to work on their idea.

Wadhwa’s views are less well known, even though he served as a counter-point interview last May on a 60 Minutes segment featuring Thiel. Wadhwa has unwavering faith in the power of technology to fix much of what is wrong with the world, and he believes that online courses will revolutionize higher education and cut the cost to near zero for most students over the next decade.

This is a powerful concept. On the same weekend some 1,500 miles away in Kansas City, the Council for Economic Education was hosting its own conference of ideas and started by noting that student debt now tops $1 trillion and that a third of college students drop out–with debt and without a degree. Nearly a third of the average 18-to-24-year-old’s income goes toward debt repayment, much of it owing to student loans... ...


Read more: http://moneyland.time.com/2012/10/12/why-college-may-be-totally-free-within-10-years/
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Re: Why College May Be Totally Free Within 10 Years

Postby AceTutors123 » Tue Oct 16, 2012 10:54 am

Fortunately for us, the government is footing about 75% of the degree fees for locals in NUS, NTU and SMU. Otherwise there may be more graduates rebelling away =0

-Justin

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cost of University Education in Singapore

Postby karenmok » Thu Oct 25, 2012 7:03 pm

How much does it cost to attend Uni in Singapore for various courses? Hope someone can provide information to this kiausu newbie...

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Re: Why College May Be Totally Free Within 10 Years

Postby limws1 » Sat Jan 05, 2013 11:58 am

German universities are free to foreign students I think

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Re: Why College May Be Totally Free Within 10 Years

Postby bandmate » Sat Jan 05, 2013 7:34 pm

I have read a similar article by Scott H Young. He had tried a 1-year MIT course on its own which he has already completed. Learning by ourselves can actually be faster, after discounting all the travel time etc, but you need to be very motivated to do so. Of course, it is still not the full uni experience, and going to a uni really doesn't only mean we need to learn the content knowledge alone.

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