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The document discusses major changes coming to higher education, including a shift away from government subsidies towards student tuition and alumni donations as the primary funding model. It also notes the impact of globalization and emerging technologies like MOOCs, which will allow students to access world-class content and skills training from anywhere through online courses. This may decrease the value of traditional degrees and increase the acceptance of non-degree credentials. Competition is growing from universities and online providers in other countries.
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An avalanche is coming summary page
- 1. Coming Avalanche on Education Sector Funding Model Teaching Research Students Globalization Degree Shift from government subsidiary to student tuition and alumni endowment • Profile – can be any one any where • Needs – Ongoing skill upgrade • Curriculum is becoming a commodity • MOOCs make world class content available any time for free • Value of degree maybe questioned • Increasing acceptance of non-degree credentials • More funding is concentrated in fewer places • Other players are gaining influence in research • Competition comes from universities in other countries • Emerging MOOCs provide alternative to acquire & upgrade skills