The New York Times reported recently that the University of Texas System may be having second thoughts about its foray into the realm of Massive Open Online Courses (MOOC). There are three major concerns that were raised: The completion rate of MOOCs offered has been languishing between one to 13 %; Majority of the learners were not from the home state; Of those few learners who have completed, the bulk of them were people who have already college education. I[…]
Since the pioneers of the MOOC movement have been the US universities, it is understandable for the World to expect some sort of leadership in this field from these pioneers. One thing that have been missing from most of these players is indeed a credible business model, without which MOOCs may not be sustainable.