Published Date: July 17, 2012
Source: Forbes - online
Title: Forbes - Is Coursera the Beginning of the End for Traditional Higher Education?
"Could high-quality MOOCs eventually do to traditional colleges and universities what Craigslist has done to classified advertising in newspapers and what Wikipedia has done to encyclopedias? In other words, could Coursera and its ilk replace a $250,000 college degree and decimate the world of brick-and-mortar colleges and universities? Coursera doesn’t even have any plans to give degrees yet, or any revenue model. But along with Coursera, there are several other big, prestigious players who have launched successful, high-quality online courses, including edX, a joint venture of Harvard and the Massachusetts Institute of Technology and Udacity, founded by Sebastian Thrun of Stanford. What might all this mean 10 or 20 years from now?
According to the Times, this fall the University of Washington will offer credit for its Coursera classes in exchange for a fee, and some extra assignments and work with an instructor. That can only spread." -- from the Source
NOTE: This article from Forbes explores the impact of Massive Online Open Courseware (MOOC), some basic information how they work, and some of the providers of MOOCs.