Tuesday, April 28, 2015

Are small, private colleges doomed?

That's what NYU's Clay Shirky says

Are small, private colleges doomed?

Chris Fralic, one of the bosses at Philadelphia-based multi-venture investor FirstRound Capital, calls this piece by NYU's Clay Shirky the best article he's read in a long time. Read it here: http://www.shirky.com/weblog/2012/11/napster-udacity-and-the-academy/  More on Shirky here: http://www.shirky.com/

Shirky's point, which he draws out through comparisons with the music industry and other businesses that have migrated online, is that free or low-cost online classes are getting better and better and will eventually wipe out -- not the Ivy League -- but most of the mass-market and mediocre colleges that will no longer be able to justify driving so many students into debt.   

About this blog

PhillyDeals posts raw drafts and updates of Joseph N. DiStefano's columns and stories about Philly-area finance, investment, commercial real estate, tech, hiring and public spending, which he's been writing since 1989, mostly for the Philadelphia Inquirer.

DiStefano studied economics, history and a little engineering at Penn, taught writing at St. Joe's, and has written the book Comcasted, more than a thousand columns, and thousands of articles, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

Joseph N. DiStefano
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