EDUCAUSE Review Online
> A turning point will occur in the higher education model when a MOOC-based program of study leads to a degree from an accredited institution — a trend that has already begun to develop.
> Addressing the quality of the learning experience that MOOCs provide is therefore of paramount importance to their credibility and acceptance.
> MOOCs represent a postindustrial model of teaching and learning that has the potential to undermine and replace the business model of institutions that depend on recruiting and retaining students for location-bound, proprietary forms of campus-based learning." from source: http://www.educause.edu