The author's comment on access to a mediocre/unknown university instructor for a high fee vs free access to a very good set of lectures (Khan) is one of the doubts that led me to quit my job as a college instructor. I had kind of the existential "what are we doing here?" question -- why are students coming here and paying us money when better instruction is available for free online? Combined with a couple of educati…
Because it's a LOT better than online courses are at the moment. I've used Coursera/iTunes U/Udemy etc. a lot since they came out and only ever finished a couple of things. Motivation is a big issue. Also very little of the knowledge I gained through it has stuck because it is not very engaging. I recently started University (mature student) and the things I'm learning stick much easier as you are constantly forced to pair with people to debate problems and work as teams to answer questions. This repetition and group debate is invaluable. Despite participating on the forums when doing online courses they don't come close. Previously, as a self-taught programmer I couldn't see the value in 90% of university courses and thought they were going to start struggling thanks to MOOC's. Now, as a student, I can see that they do offer quite a lot of value (by value I mean increasing my knowledge, not salary after degree). They are certainly very inefficient, but I would certainly consider my program value for money (although I am a student in the UK so fees are lower than a lot of places).