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The majority of the costs associated with universities is for facilities, administration, and housing, not related to teaching. If students attend classes onli
by jake_morrison 4y ago
The majority of the costs associated with universities is for facilities, administration, and housing, not related to teaching.
If students attend classes online while living at home, then the costs go down dramatically. You are left with paying on an hourly basis for a tutor.
When my daughter took the AP tests in Oklahoma, some of them were done in nearby churches. They can deliver test proctoring for cheap.
You can already get a respected online master's degree in computer science from Georgia Tech for around $10k. And you can do it at night, while working, eliminating opportunity costs.
This is incredibly cost-competitive with traditional schools. The elite schools will be fine, as they are essentially offering a private club for rich kids.
Other schools will not be sustainable. These dead universities will be great for remote workers, combining office space and housing in a nice walkable campus environment.