UC's For-Pay Online Course Draws 4 Non-UC Students 177
slew writes "In the shadow of Stanford and Harvard offering free on-line courses, The University of California has been attempting to offer pay-courses for credit. UC online took out a $6.9M loan from UC and spent $4.3M to market these courses. For their efforts, they've been able to quadruple their enrollment year over year. The first year results: only one person not already attending UC paid $1,400 for an online pre-calculus class worth four credits. Now four non-UC are signed up. 'UC Online has to pay back the loan in seven years and expected to sell 7,000 classes to non-UC students for $1,400 or $2,400 apiece, depending on each course's duration. China was thought to be a lucrative potential source of students, but few expressed interest. The U.S. military also fell through.' Methinks head will roll on this one..."
Agree 10000% (Score:5, Informative)
It's been about six years since I've been in school, but even my most expensive semester of graduate school was only about $1750. Last I checked prices were still in the low $2000 range there. That's for 12+ credits (9+ credits in Graduate School), not a single 4 credit course.
These big schools and their even bigger price tags. What the flying fsck are they smoking?