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RE: The University sector is going to get wrecked by the coronavirus

in LeoFinance6 months ago

Technological shifts are going to destroy the industry.

Look for most education to start to take place online. The idea of going away for 4 years to get a degree so that you can just get a job makes no sense.

But for a few disciplines, most can be done online. This will really explode as video conferencing improves greatly.

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I agree. The thing is, people won't pay the same for online learning as they do for face-to-face tuition. So unless they lower the standards for who gets into the university, in order to get the number of students up, these universities are going to be making a fraction of the money they used to make.

...these universities are going to be making a fraction of the money they used to make.

There will be a lot of them that go out of business.

In the United States, I am guessing more than 30% of the for profit universities go under. I would surmise it is the same all over the world.

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