This document discusses the benefits and challenges of Open Educational Resources (OER). The benefits include: helping to further collaboration and sharing of ideas in education; providing low-cost or free course materials to reduce financial barriers to education; and allowing others to more freely build upon and advance the work. The challenges include: potential opposition from large educational publishers; variability in the quality of available materials; inability to revoke a creative commons license; and potential diminished reputation if low-quality OER are used in higher education institutions.