"The traditional university . . . serves a fortunate few, inefficiently, with a business model built on exclusivity"

I agree with that statement but I think there is more to it, which reveals why the "virtual university" can't work, or at least won't work for now. As you correctly point out, the elite private universities (and even many "public" universities now such as the UCs) are running a business. The product they churn out isn't someone ready to be placed in the workforce, but rather a degree. Why are degrees important? Because the businesses and institutions these graduates end up working for want students who have these degrees from elite schools.

The virtual university could definitely work and provide students with a comparable education to that given at elite universities. If Thrun can teach himself robotics, then students can learn as well, outside of the traditional university. Given the massive potential of the internet and the seemingly infinite amount of knowledge people around the world have access to, the "hath nots" can learn just as much, if not more, than the university students, and perhaps can learn more efficiently. Keller writes “In the same way that a lot of things go into the cost of a newspaper that have nothing to do with the quality of the reporting — the cost of newsprint and delivery — we should ask the same thing about universities,” Hennessy told me. “When is the infrastructure of the university particularly valuable — as it is, I believe, for an undergraduate residential experience — and when is it secondary to the learning process?”

Universities force students largely into rigid structures of coursework to create a "well-rounded" student. Students are forced to take a number of courses that are neither relevant to the work they want to do, nor interesting for the student considering his/her ambitions, perhaps to guarantee these universities 4 years of tuition rather than 2 or 3 years. Again, it is, of course, a business, and its about money. The virtual university would bring education and a framework of understanding to a great number of individuals who might be more qualified (from an intelligence standpoint) to attend one of these elite institutions but couldn't afford the diversity required to get in. The problem with the virtual university is that without that degree, without those Stanford credits, the businesses these students are striving to get jobs at won't want them. It's cyclical. The virtual university will certainly educate, and educate well. But people won't be able to utilize that education in terms of getting the jobs they want until these businesses recognize the value that can come from non-institutional, non-traditional learning.

These business know they are going to have to expend a lot of resources teaching these recent graduates how the job works, to train them in their art. Law school doesn't teach you how to be a lawyer any more than a masters in education or a phd teaches you how to be a professor. The real, necessary training, comes after graduation. The degree is meaningless except as a measure of your background. These businesses want people from only the elite schools and the demand for such students is increasing as the amount of jobs decreases during economic downturn. If the most valuable training and education comes on the job anyways, why does it matter what school you go to?

The first article Devin posted noted that there was not a curricular trickle down effect to the lesser schools. Obviously the elite schools have more money than those considered non-elite, but the educations are not necessarily any different. While this article was largely about undergraduate institutions, the logic seems to apply to the graduate schools as well, and reinforces the notion that the university is just a business, churning out degrees (because people with degrees from these schools have a better chance at getting jobs). I'm a transfer student. I'd say at least half of the jobs I interviewed for during the early interview program were at firms that do not do on campus interviews at the school I came from. Like other businesses and institutions, these law firms want students from elite schools like harvard, yale, columbia, stanford, chicago, etc. When a person transfers, law firms conducting interviews have only the transfer's 1st year grades at the "less elite" school as an indicator of the person's abilities. The only reason I was able to get many of the interviews I had was because I was NOW at Columbia Law School, paying tuition at Columbia Law School. These firms deemed my education at my old, lesser school good enough, as they offered me jobs (in theory) based on my grades only from my old school. My education at my old school was clearly "good enough" for them to hire me, but the degree I would have received from my old school was not "good enough" for them to even interview me at the old school. Thus, the way legal hiring works (at least in the private sector) reinforces the need for these elite university structures and investment (both tangibly with money and intangibly with intellect) in these elite schools. The only reason transfers are probably allowed are because of the extra tuition they bring to the school, which reinforces the notion that these universities are just businesses.

The virtual university is not going to work until businesses recognize and accept the value that can come from non-traditional, "non-elite" education. People will always need the universities so long as businesses require credits from the university, and a degree from the university. The universities will continue to be profitable so long as these businesses want people with degrees from there. The cycle needs to be broken in order for the virtual university to have impact on the ground - to allow people without traditional education to excel

-- AustinKlar - 03 Oct 2011