Here is a guest column by Mohammad Bhuiyan, the 2011-12 ACE Fellow at the University System of Georgia and Endowed Professor of Entrepreneurship at Fayetteville State University
By Mohammad Bhuiyan
The American higher-education system is running on an unsustainable business model of raising tuition and fees to cover declining government and private funding. In addition, most of the academic community is in denial about the potential of technology and other emerging factors.
Ten years ago, online classes and degrees were considered low-quality, and most workplaces didn’t even recognize the diplomas. Today, online courses and programs are both important and ubiquitous. According to the Pew Research Center, about half of all college courses are now available online. The new generation of students is in many ways more interested in online classes than traditional classrooms.
The Chronicle of Higher Education reports that venture capitalists have poured about $500 million over