INVESTORS LOVE ONLINE EDUCATION
Higher education is one of the hottest growing sectors in Silicon Valley, and with good reason. The college premium is enormous. College-educated men have seen their wages increase since the 1960s even as wages for men with some to no college education have dropped. College grads face much lower unemployment rates than other educational groups. The gains among advanced degree holders are even larger. So, unsurprisingly, demand for higher education is increasing. But despite being a great investment, the upfront cost to college in terms of tuition is as high as ever, with real costs increasing by a third over the 2000s. So companies like Minerva, Coursera, and Udemy that promise high-quality courses delivered online are attracting a lot of investor attention. The article is in The Washington Post.
Tags: On Line Profits