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I think it's an overstatement to say that online programs are the future of education. Coursera and Udacity are not selling the same thing that universities are selling, at all, and I find it hard to imagine them affecting higher education substantially.

What do people gain from spending four years in college? Many of them learn something, but most of the value is in the degree, which serves as a signal of competence in the workforce and is a requirement for most jobs. Online programs probably won't provide the same kind of signaling in the foreseeable future. Moreover even students who are primarily interested in learning are unlikely to get as much out of online programs as they do out of college; the rewards structure of college drives many students to work much harder than they would on their own, and (without the signaling reward) online programs can't reproduce that motivation.

Lectures are a very small part of the value proposition that universities make, and of course their functionality is already mostly duplicated by textbooks. Indeed, I'm not entirely sure why American universities primarily teach their students with lectures right now (versus books, video, Socratic method, etc.). I'd guess that the answer is some combination of tradition, students having a fundamental psychological preference for live teaching, and society in general preferring to believe that colleges are selling "education" rather than signaling, motivation, and lifestyle. In particular, I don't at all believe that the dominance of live lecture is driven primarily by a lack of good video materials. And availability of good video materials is the only thing that I see Coursera and Udacity really changing.

So: I'm not sure if there will still be state school professorships in 20 years, but I wouldn't bet against it.

(Note: for the record, I'm a fan of Coursera and Udacity. I also enjoy universities as they are today, though I wouldn't be heartbroken if they changed dramatically.)




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