Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Bill Clinton Scandal - SANITY CHECK -- Ignore unavailable to you. Want to Upgrade?

To: Ish who wrote (66496)	3/16/2000 9:15:00 AM
From: DMaA	Read Replies (1) \| Respond to of 67261

Beginning of the end of Brick and Mortar universities? Hope so. I have watched college tuitions rising faster than inflation my whole life. I've read the the articles exhorting parents to save every red cent because college in 20 years will cost $20 bazzillion/year. Higher education is pricing its self right out of business. If I was the president of a university reading this I'd be quaking in my boots. March 16, 2000 My Internet Dream By Michael J. Saylor, founder and CEO of MicroStrategy, a software and Internet company in Vienna, Va. When I graduated from high school, I didn't have enough money to go to college. My family had about $10,000 in life savings, and college cost $10,000 a year. I was lucky. I grew up on an Air Force base, I knew about ROTC scholarships, and I was able to finance an education at the Massachusetts Institute of Technology. Many others aren't so lucky; they can't afford to attend college. That's bad not only for those denied an education but also for the rest of us, denied the fruits of their education. Yet technology makes it relatively inexpensive to finance a college education for everyone who wants one. I'm so committed to this goal that I am putting my money where my mouth is: Today, I am announcing that I will donate $100 million to launch an online university. In just the past two years the Internet has evolved to the point where large portions of a college education can be automated, uploaded, and made available through streaming video, high bandwidth lines, and ever-faster computers. It is possible today to provide a decent college education in certain disciplines for nothing more than the cost of computer hardware. So why not capture an entire college curriculum via video? Take, say, a college calculus course, which might consist of 30 hours of lectures by a professor; 20 hours of recitations by students; 1,000 questions asked by students, 95% of which are the same year after year; followed by exams. At MIT this course and a few others like it would cost $25,000 a year, but using a computer, it would run about $200 a year per course. interactive.wsj.com