<p>College costs are spiraling beyond the easy reach of middle class families. State college is severely impacted by cuts in state subsidies. Yet, paradoxically, a college education is as necessary now as a high school degree was necessary 50 years ago.</p>
<p>Colleges recognize that the lemon (families) is almost squeezed dry. So, these college are now turning to the Internet trying to figure out how to monetize their premier assets - their ability to educate and their "brand,", without diluting the "brand." </p>
<p>A few years ago, you could watch a MIT lecture on line, but there was no real interaction between lecturer and the audience. Then, some small colleges (e.g., Ashford) entered the on-line world with real courses and real degrees. Now, comes Coursera and EdX bringing the big boys and offering an ever broadening array of courses (some with over 100,000 students) (I'm taking a history course from a Princeton professor - its fabulous!).</p>
<p>For now, these courses are free as the big boys try to figure out how to monetize their assets. </p>
<p>So, does anyone want to offer their view on what a college education might look like in a decade?</p>