At private schools, where the money is, students are moving online. This is from a new report by Moody’s Investor Services:
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This is the can of worms to doom the American Education model and its pricing. The Education bubble would collapse faster than phsyical media (CDs, DVD, newpapers, magazines) if the right people get involved and they fund a National Digital Library and Open Source Curriculum and tools. Classes on demand taught by the best lecturers in every field. A required Semester of internship after a Summer of pre-practicum seminars and face-to-face training.