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!
Thanks for this Helen! Unfortunately, I think Jared story is more common than we think! I particularly find this part interesting: "He was attracted to UP because of their emphasis on a skills-focused curriculum and accelerated degree options. He did not want to spend money on a bunch of Gen. Ed. required courses."
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!