Online Degree Programs and the Future of University Education
By SSAT on 14 May 2012 in New technologies | 0 comments - add a comment
Guest piece by Linda Zabriski
The growing popularity of online, advanced education degrees has led to many as-yet unanswered questions regarding economic impact. For many, in picking one of the various online masters degree programs, they give themselves a chance to receive an advance education that may have eluded them otherwise, but the question remains of whether or not that is a sound economic decision. Regarding this issue, the United States looks to the UK to supply answers.
“The UK is the most internet-based major economy,” writes Melanie Hick, columnist for The Huffington Post. The UK Internet economy is growing at a rate of 10.9%, while other developed nations are growing at an average of 8.1%. The country does not come by this increase by chance. In fact, the UK has initiated a number of programs to improve its Internet usage, including online education, because it believes Internet connectivity can help boost its economy.
While the UK’s online programs are just beginning to develop, the government is already making a commitment to “invest in education.” This investment is what the UK and other countries call “human capital.” Human capital is defined as “a measure of the economic value of an employee’s skill set. The concept of human capital recognizes that the quality of employees can be improved by investing in their education.
Fortunately for the UK and the United States, businesses and industries are becoming more accepting of online degrees, and that acceptance level is expected to rise. Recently, awareness and appreciation of online education has grown to the point that it might eventually be considered equal to campus-based education. With this knowledge in mind, online programs have drawn more traditional and nontraditional students. Some of these same students would not have been able to access brick-and-mortar institutions and can improve their skills, thereby adding to their long-term potential.
David Willetts, Minister of State for Universities and Science stated in a 2012 speech regarding economic growth that “our greatest national assets–our universities, our science facilities and researchers, our extraordinary accomplishments in the arts and humanities–are the best single hope for making our way in the high-tech world of the future.” Willetts believes that while these assets might not solve all the country’s economic woes, they can certainly help.
Dame Lynne Brindley, chief executive of the British Library since 2000 and head of the UK’s Online Learning Task Force, believes that online education is vital in today’s society, especially during the UK’s recession: “The key goal is to help UK higher education remain a world leader in online learning, growing its international market share by 2015.”
The UK Online Learning Task Force is also working to eliminate the the “stigma” associated with online education. In order for economies to realize the potential of online education, businesses need to look positively on online degrees. If current trends continue, this potential will likely become a reality. For instance, online undergraduate degrees are more readily accepted than online graduate degrees.
Now that technology enables employees to acquire new skills easily and cheaply, employers can require more area-specific knowledge, outsource training programs, and hire increasingly qualified candidates. It is only a matter of testing out the “products” of online programs. In time, as employers experience the benefits, and deficits, of online academics, they will be able to make better decisions regarding new hires. In the meantime, facilitating experimentation may be the best way to inspire confidence.