Are MOOCs the Craigslist of College?

Walter Russell Mead makes an interesting comparison. What if MOOCs simply skim off the money-making classes (large lectures) from many colleges and leave the small upper level, money-losing courses. Will colleges experience the same kind of fiscal pressures that hit newspapers when they lost the classified ads? This seems a plausible theory. If so, schools will need to figure out other ways to generate revenue or cut costs dramatically. Or some of both. And some, if this future happens, will not survive.

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