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Will Online Education Save Money?

As many colleges and universities face extensive budget cuts, online education seems like a good way to save money and generate more income. Online education experts warn those in higher education that online learning programs may not save schools money immediately. According to an article on The Wired Campus, online education has the potential to save money for colleges and universities; however, the upfront costs may overshadow the potential savings.

 

According to the article, the Sloan Consortium gathered a panel of online education experts for the yearly conference on blended learning. These experts warned other colleges and universities that the start up costs for an online education program can be quite significant. Online education programs should be viewed as “investments” rather than simply an apparatus for saving money. After the initial investment of equipment, faculty, and courses, online education has shown to increase a school's incoming profit margin.

 

You can read more at The Wired Campus

 

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