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And massive open online courses are vying to replace it—though not without compromises.
This post is part of Hire Education, an ongoing series in which ReadWrite examines technological innovation in education and how it's reshaping universities that are preparing students for a transformed workforce.
Why pay thousands of dollars to sit in a stuffy university lecture hall as a professor drones away in front of bored students when you could instead take some of the world's greatest courses online? For free?