I think this is a fantastic idea! when my husband's job relocated us to Bulgaria forcing me to quit my job, I immediately thought that I would go for my MBA. Why not? Another degree can't hurt, but when I looked at the price and the coursework, I realized that almost all of the basic courses, I can get for free online and from better schools then the ones I could go to. So, I've taken 6 basic MBA classes by the Wharton School of Business (in the top 3) by the same professors that are teaching the in-class elite students. I only needed the basic BA classes to understand the inter-workings of finance and I certainly do not need to pay 60K for them. I think your analogy with other business models for add-ons is great. This is similar, I believe, to what MIT is proposing for their supply management discipline - with a year of online and then a year on campus to dig deeper into the material and have more class interaction with other students cutting the overall tuition plus fees in half!
This is so true. I'm living proof! I started off at one school, changed my major, took a semester off to work 'in my field' and figure out if I liked it - went back and transferred to a different school because by the time I figure out what I wanted, the school I was enrolled in didn't have that as a major...I added two extra years onto my bachelors degree - at least an extra 20K! this is def. a hidden cost for those entering college without a clear vision of what they want, which is hard to do when you're 18 and away from home for the first time...very interesting insight indeed. Thanks!