| Apr 19, 2017
Education is arguably one of the most important facets of society and for that reason people are willing to spend their life savings, or even go into debt to further their education.
In fact, “The in-state public college budget for the 2016–2017 academic year averaged $24,610. A moderate budget at a private college averaged $49,320.” Pair that with the fact that an estimated 20.5 million students attended a US college in the fall of 2016 and you can see just how serious people are about getting an education.
But in recent years there has been a shift in how people are viewing educations – in the past it was cut and dry. You either had a nifty diploma hanging in the wall of your office or you didn’t. Now, though, people are acquiring their educations in a multitude of ways – taking the traditional route and attending a 4-year university, forgoing college and getting on the job training, or, more recently, pursuing an online education.
The EdTech industry has been booming. And it makes sense – a lot of people don’t have the time (or money) to spend at a four year university where they’ll be forced to take classes that aren’t relevant to them and still have to job hunt after graduation (with a new sense of urgency coming from the debt they likely incurred in school.)
With online courses and EdTech, people are able to really take control of their education. They can take classes between working at their day job and get trained in the exact skills they need to succeed without having to invest time into anything else.
In that realm, online education is clearly superior to traditional teaching, but a lot of people worry whether or not it’s as effective. It’s a legitimate concern given how new the online education industry is, especially compared to the American Higher Education System, where the first college was established in 1636.
From our research, online education is just as effective as in-person classrooms, and depending on the goals of the students can be the best option.