Will online education replace the old-fashioned in-person kind?

One of the lasting effects of the recession of 2009 may be that many upper middle class parents who expected to send their children to private universities now can’t afford it. And since those families are probably too well-off for financial aid, there will be a huge boom in attendance at state colleges and universities, and even community colleges, which are upgrading their offerings at a furious pace.

But that might not be the only route for future students. According to “Who Needs Harvard,” an article in the current issue of Fast Company magazine, we might be just a couple of decades away from a time when a good chunk of higher education will be taking place online. It’s not just virtual courses; now that online social networking allows for conversation and connection these new outfits can also offer an entire online community to share the learning experience with.  And both venture capital firms and the Obama Administration are plunking down lots of money to support experimentation in this sector. {Read the rest at Yahoo!}

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