What does student debt, a workforce talent squeeze, & disruptive innovation have in common?

While the world and the workplace are adapting and innovating at a lightning pace, the higher education system is not able to keep up. The current higher education system is one-size-fits-all, slow, and expensive. As a result, it puts pressure on companies to provide on-the-job training, increasing the cost to the company, while many employers no longer need any employees with higher degrees.

What we need is a customized education program that caters to individual needs based on competencies and interests. Just like how we have Software as a Service, it’s time we had higher Education as a Service.

Education as a Service should unbundle degree programs and curriculum. It cannot be the same for everyone; every student has different needs. Students should assess their current competencies, the skills required to get the job of their choice and work with the higher education organization on the resulting gap. All students should be able to earn credits quickly for existing knowledge and engage in deeper learning with new information valued in today’s corporate workplace. The class times become variable, set at a student’s pace to master the required skills. If done right, the student is a “customer for life” and continues to learn new competencies as their workforce evolves and demands it.

The content offered should regularly be updated, just like Software as a Service offerings, with a real-time connection with the corporate world and a perspective to train people to be successful in the face of uncertain situations. The offerings should teach agility and prepare the students for the constant changes they will face in the workforce. The offerings should also pair related content, like social skills and other soft skills to provide an education that is relevant today and will be of interest in dealing with unforeseen events in the future.

So, how is this different from the already existing traditional e-learning MOOC courses?

When learning is consumed in a completely self-driven and self-paced fashion, the retention and overall success rate are low. This is shown with the low completion rates for MOOC courses.

Success rates and retention improve when there is a social and collaborative component aligned to the student. This can be as simple as chatting with other students in a forum or other peer to peer learning techniques, or it can be via complementary live webcasts or virtual one-on-one office hours with an instructor.

Education as a Service needs to take the concept of MOOC and extend it into higher education by providing the content along with the social and collaborative aspects for increasing retention and success.

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