And massive open online courses are vying to replace it—though not without compromises.
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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?