In the future, everything will be a coffee shop - Boston.com: "As the debt required to get an education rises, students and their families face a question: What’s the advantage of a good job if the salary difference is lost to student debt?
Online universities are starting to change this equation. MIT, a pioneer in making course materials available online for free, announced in December that it will begin to offer a credential for completion of online courses through a new program called MITx. The program is intended to offer MIT’s teaching materials to a wide range of students. Though it will carry some costs for students, the university’s press office has stated, “The aim is to make credentialing highly affordable.”
Now, imagine a personnel manager at a mid-sized corporation who’s looking for an employee with some particular knowledge. There are two candidates: one with an appropriate college degree from the local state school, a second with relevant MITx certificates. Let’s say all other things between the candidates are equal. Which should the manager choose?"
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