Tag Archives: online courses

Government is Likely to Lose More Money in the Form of Outstanding Student Loans

Source: bit.ly/1ol6ubi

The percentage of unpaid student loans is about to touch the point at which the government will begin to drop the income gained from having increased tuition fees. Ministers in the government are of the view that 45 percent of university graduates may not earn enough to reimburse their education loans. The unpaid student loans are drawing near 48.6 percent at which experts believe that government will lose more money.

According to David Willetts, the universities minister, government has reviewed its student loans structure and about 45 percent of debt would be given up for lost. He was replying to a question asked in a parliamentary session.

Percentage of student loans soaring high

In just six months, the estimated debt figure increased by 5 percent from 40 percent. However, officials say that estimates may change, as they were based on long-term calculation.

While calculating the student loans, officials took account of the modification in the higher education funding in the academic session of 2012-13, when universities in England and Wales tripled their yearly tuition fees to £9,000.

Into the present system, students need to repay their loans after they start earning above £21,000. They have to repay the loans at 9 percent of their salary exceeding £15,000.

Ministers explain that an estimated 28 percent of loans may never be repaid in full, as the current repayment system has dropped the repayment levels so low that government is likely to retrieve less money than it could have under the old system.

On the current student debt issue, London Economics said that if 48.6 percent of student loans are not repaid, the tipping point would be reached, whereas Liam Byrne, the shadow universities minister of Labour party termed the current student finance system as vulnerable and indefensible.

Experts’ views on current student finance system

Source: bit.ly/1lku6s8

Liam Byrne said, “What today’s figures show is that the government tripled fees, put students in thousands of pounds of new debt but the system now costs practically the same as the old system because so few students can afford to ever pay their debts back,” He further says that the figures will keep getting worse unless there is an improvement in economic outlook and graduate salaries.

Mr. Byrne adds, “It is clear we have built the student finance system on top of a money pit. I am afraid it can’t go on and we now need a debate about how we are going to pay for higher education and the nation’s universities in the decade ahead.”

A spokesman from government says, “Our universities are now well-funded and this is driving up the quality of the student experience and helping to stimulate economic growth. We are also protecting those on lower incomes and those from poorer backgrounds are applying in record numbers.”

Anticipating huge loss, the universities minister has not completely ruled out increase in the tuition fees for students post next parliamentary election. The Labour party has already warned the current system as a financial time-bomb that may create a big hole in the university education funding.

Hence, overseas students moving to England and Wales for higher education may have to pay more tuition fees in the next couple of years. So, students from relatively poor economic background can find an alternative in the form of online education. Some eminent universities from UK offer highly popular online courses to the students at relatively affordable tuition fees.

Article Source:  bit.ly/1m1a85k, bit.ly/1s1XYxc

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MOOCs: A Global Platform to complete Higher Education

As an educator, I feel immensely happy when I see people taking interest in studies. I really like youngsters who have an unquenchable thirst for knowledge and are open to various ways and modes of learning. It is a universal truth, that there is no end to learning, and individuals who pursue academics to better themselves, prove this point. For many, putting careers on hold to study more is no big deal, but for most, even the thought of quitting one’s job is frightening. For such people online learning is the best option. However, online courses also cost money, or do they? MOOCs also allow students to study a plethora of courses without having to pay anything or going anywhere.

Image Source: bit.ly/1e0If8k

Image Source: bit.ly/1e0If8k

The convenience and popularity of MOOCs

Over the years, MOOCs have emerged as a very popular mode of learning for people who are keen on learning. MOOCs are meant for everyone who is interested in increasing their knowledge in a particular subject. People of all ages, religions, communities, and ethnicities can take up these online courses. These courses are free so they can be studied by anyone regardless of their economic condition. So, stay at home parents, teachers, students, working professionals, retired individuals, anyone can take up these courses. These courses are more popular because they can be studied from anywhere, anytime.

Satisfying the thirst for education or just a fad?

There are many who start these courses and drop out mid way, just for the sake of taking it up. There are many MOOC junkies all over the world, who find it necessary to join every MOOC that come across as interesting. Some of these people are actually serious about the course and complete it whereas many start with it and don’t see it through. Just because, it is free, many students who study in MOOCs don’t take it seriously and leave whenever they feel like. On the other hand, if these courses were paid, they would be compelled to complete them.

An alarming example…

The kid who lives next door, is working these days, but sometime ago, when I asked him, he said that he was studying a course on social care and health and recently he told me that he’s studying a course on fiction. So, worriedly, I asked him how he’s paying for them and how he’s studying two courses simultaneously and working. To that, he replied that he’s not paying for them and was studying them because he felt like it. Once he got bored of studying the first course, he dropped out and started the second. This amazed me and I asked him if will complete the present course, to which he replied, that he will, if doesn’t find disinteresting.

So, basically, I concluded that he was following a fad whereas an ex student of mine was actually, studying management at a MOOC to improve and do better at work. Another, reason why MOOCs can be treated as a fad is that most people who study these courses are already graduates and therefore treat this as an additional learning experience. So while for many, MOOCs are a blessing, for many, it is just another way of passing time. So yes, I believe, if you do want to quench your thirst for education with conviction, there’s no better way of doing it than studying at MOOCs as they are convenient.

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Digital Education Widens!

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Digital Learning, Online Learning, Mobile Learning, Social Learning – call it whatever you want, all of them are various synonyms of convenient learning. Yes, the traditional education system that believes in delivering knowledge in a confined place, within a scheduled time and through a stringent set of laws is slowly losing its appeal to the new age learners. Webinars, video instructions, instructional designs, and social interactions are popular way of education today!

Reports show it’s growing at a rapid pace!

Image Source:  buswk.co/1iJIfxG

Image Source:
buswk.co/1iJIfxG

  • The fresh methods of learning all across the world is growing at a steady pace. By introducing games to understand and remember lessons, digital instruction has surely made education an amusing system. As per reports, revenue in 2012 for game-based education earned around $1.5 billion across the global market. The amount increased over 5% in last five years and growing happily. In America the growth rate was higher. According to a study conducted on K-12 students, demand for digital learning has risen over 6500% in the last decade.
  • Digital Education or Online Learning is a rational way of enhancing knowledge to the students opting for higher studies or specialized degrees. With options to learn anywhere anytime and gain knowledge through personalized learning have made accomplishment much easier for the people running after bigger dreams. The current statistics say that 1 in 3 students in higher education are opting for online class. In the US, more than 85% institutions have opened digital curriculum for higher education students.
  • The popularity of using technology in classroom and learner-friendly education is turning heads of big innovators, investors, and institutions. “Personalized learning is more than a buzzword and it’s certainly more than providing students increased access to computers or implementing one-to-one computer programs,” said Jon Phillips, worldwide education director, Dell. “In a personalized approach, students invest in how they learn and how they show their learning through an on-going process of inquiry. Teachers have ready access to an array of personalization tools to meet student needs. And technology combines access to digital content for blended or collaborative learning with access to real-time data that helps teachers intercede when a student is struggling and helps students explore potential areas of interest more deeply.”

(Source: dell.to/1bHHEY6)

After shuffling with various ideas to create a convenient learning system, the pedagogy combines a number of forms to offer a better learning experience to the students today. With increasing recognition, new age learning has evolved with preferences and activities. New age learners these days have quite a few engaging options for better learning experience and they are:

  • Online Classes: People signing up for online classes complete the entire course via internet options.
  • Blended Learning: Here educators who prefer delivering instruction via modern and relevant techniques implement digital ingredients in a brick-and-mortar system offering students a liberal atmosphere to earn knowledge.
  • Flipped Courses: The concept Flip the classes being preferred by millions around the world divide instruction in two clear sections – listen to instructions online and discuss face-to-face.
  • Hybrid Education: This method is a solution to the issue raised after education system turned a technology-based programme. It’s an effort to bring back the human element into learning and create a course combining the best qualities of digital and traditional learning.

People with financial predicaments, restricted time schedules, and geographical barriers can easily manage to acquire knowledge these days. Prestigious degrees, renowned colleges, international experts, free resources, and global network, everything that you need to achieve valuable education is just a click away! And all the credit goes to the academic revolution commonly referred to as digital learning.

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