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Comments

Sunny

I couldn't agree more.

The interesting dynamic, that could play out is how does the ecosystem develop. How do companies exploit this. A smart CIO could jump on this and train his employees for a fraction of standard training budget, assuming he still has one.

I still don't know what it does to the so called labor arbitrage industry from abroad Kartik, does it kill it and therefore Americans benefit. But if so, how does that happen. Do wages lower to compete globally, now that education is cheaper and there is no more need for a student loan ?.

Regardless, I couldn't agree more. As I said above, the ecosystem that develops will define what happens to our economy.

Kartik Gada

Sunny,

The volume of people in CompSci goes up, as people on the fence about CompSci vs. other fields choose CompSci for cost-savings. Note that someone with a Bachelor's in a different field of engineering can still do this MSCS, so a lot of mechanical, electrical, etc. engineers switch over.

The price of $6700 is cheap even for India. Hence, GATech-quality grads are dispersed globally in India, Russia, etc. without having to physically come to the US. It swells to become one of the largest and most dispersed alumni networks. This forces other institutions to follow suit.

Sunny

Brilliant !.

Sunny

By the way I sent this blog's information to Sen. Cornyn's office, my senator here in North Texas. Doing may part to get the word out. Although I am quite certain, to repeat what you wrote, the leadership won't wake up in time.

Geoman

What happens when corporations start to offer this as an employee benefit? They'll pick up the cost for the classes.

Think about it - great PR, great way to attract talent, and great return on investment for any corporation that uses it.

The next big field to fall into this - the on-line MBA. Next thing you will see is more and more companies requiring MBAs for anyone in management - since the cost in negligible.

Sunny

"A smart CIO could jump on this and train his employees for a fraction of standard training budget, assuming he still has one." from my comment above - we think alike Geoman.

Stephen murray

Scott Adams throws in his 2 cent

http://blog.dilbert.com/post/157947493551/free-college-online

Online learning is inching towards being a mainstream thing. I would suggest we are just past the peak of the brick and mortar institutions, and the decline will be rapid past 2020.

Long Live the ATOM

Kartik Gada

Stephen,

Thanks. Indeed, the peak is already passed, which is why the GATech MSCS deserves praise even if it still has only 3300 students. We just need a second program in a different subject and/or different institution, and then a third, etc.

The bigger savings would actually be the elimination of a bachelor's degree in CS, rather than an MSCS. Then move on to EE (figure out something for the lab work component), then MechE, etc...

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