Maybe I’m foolish, but I remain hopeful about the potential of software leading to more affordable, accessible education. In 2014, Georgia Tech launched an Online Master of Science in Computer Science (OMSCS) with the goal of offering an accredited, top-tier education at a surprising price of $7,000. The program has been regularly ranked in the Top 10 by U.S. News & World Report, and the traditional residential program costs $28,000 two years of tuition (out-of-state, not including housing).
OMSCS offers the same lectures from the same professors, the same homework assignments, and the same exams. A few other top universities have online versions of their masters programs, but they charge the same tuition as in-person ($40,000+). The diploma is exactly the same as those of on-campus graduates, with no special “online” designation.
Would there be enough interest from qualified candidates? Would it remain financially viable? Would the online program cannibalize from the traditional on-campus program? Would employers discriminate if they found out that this was an online degree? Would the careers prospects be different due to the lack of in-person networking opportunities?
EducationNext recently published an article An Elite Grad-School Degree Goes Online addresses some of these questions. InsiderEd has a an article Online, Cheap — and Elite that summarizes the findings.
Analyzing the first six cohorts of the online program, from spring 2014 to fall 2016, the report found that the typical applicant to the online program was a 34-year-old midcareer American, while the typical applicant to the in-person degree was a 24-year-old recent graduate from India.
Of the 18,000 students who applied to the in-person and online degrees, less than 0.2 percent applied to both, the report said.
Students admitted to the online program typically had slightly lower academic credentials than those admitted to the in-person program, but they performed slightly better in their identical and blind-marked final assessments — a finding the study hailed as “the first rigorous evidence that we know of showing that an online degree program can increase educational attainment.”
Overall, the program has been a success in terms of expanding access to high-quality computer science education. Total enrollment is now over 6,000 students. The questions about career effects will be addressed in future studies.
In 2017, Georgia Tech announced a new Online Masters Degree in Analytics for under $10,000. This is also a nationally-ranked Top 10 program where the traditional in-person tuition ranges from $36,000 for in-state students to $49,000 for out of state. The data analytics program is an interdisciplinary collaboration between the College of Engineering, College of Computing and the Scheller College of Business.
© MyMoneyBlog.com, 2018.