This graph, presented at Coursera co-founder Daphne Koller’s Ted Talk on online education is truly amazing. With all of the attention paid to healthcare costs, the rate of inflation for higher education is substantially higher.
Coursera is addressing this issue by making great content from great universities available globally. Courses are free (certificates may be paid for).
The impact of this approach is revolutionary.
Aside from using technology to make educational content more widely available, Coursera has the potential to reduce the costs of traditional higher education be offering more efficient (cost effective) ways to deliver basic lecture-hall type courses. In the longer run, it could even create downward pressure on educational costs be creating competition.
Should education be thought of as a fundamental human right? Yes, and approaches like this make it a reality. Our world is getting better.