University of the People (UoPeople) sounds like a terrific idea: use the Internet to provide university level education and ultimately American Associates and Bachelors degrees to anyone around the globe (who can access the worldwide web).
The faculty consists of retired university professors. So far, they’ve provided the teaching gratis. They expect that soon they’ll charge $100 per class test. UoPeople was founded by Shai Reshef and occupies small offices in Pasadena, California.
UoPeople is part of what Stanford’s president called “a tsunami” that’s about to crash into the American education system. Academia created the tsunami by allowing education costs to spiral out of control. There are two segments of the American economy whose costs are insane: education and healthcare.
It’s time to correct the education cost imbalance in America.