Home > Distance Education, Educational Leadership, Higher Education > Think You’ll Make Big Bucks in Online Ed? Not So Fast, Experts Say

Think You’ll Make Big Bucks in Online Ed? Not So Fast, Experts Say

By Marc Parry

For universities facing tight budgets, it can be tempting to look at online education as a pot of gold at the end of the rainbow. Shifting classes to online and blended formats will save money, some think—or, better yet, bring in more of it.

Not so fast, warned e-learning experts from three public universities who spoke on a panel at the Sloan Consortium’s annual conference on blended learning Tuesday.

Generating money is “one of the worst reasons” to get into online and blended learning, argued Joel Hartman, vice provost and chief information officer at the University of Central Florida. He pointed to the recent failure of the University of Illinois’s Global Campus, for example, and older flame-outs like Columbia’s Fathom and NYUonline.

“If you look back over time, and read anything about the major online initiatives that have failed,” he told the audience, “one of the things that’s characteristic of all of them is they went into business intending to make a lot of money on online learning and blended learning. It just doesn’t happen that way.”

Continued at: http://chronicle.com/blogs/wiredcampus/think-youll-make-big-bucks-in-online-ed-not-so-fast-experts-say/30663?sid=wc&utm_source=wc&utm_medium=en

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