In a Businessweek interview with Brad Stone:
What have you learned so far about MOOCs, or massive open online courses? Are they a superior alternative to traditional classrooms, or is this the best available solution for students who can’t attend a traditional university?I agree. That's why we're seeing a lot more success with physical schools paired with new learning tech, e.g. Hacker School, General Assembly, and Insight Data Science Fellows.
If you look at who’s used MOOCs so far, it’s an elite phenomenon. The completion rates are very low, and the effect on employability is very low. Yes, it’s promising and exciting. But this notion that “just don’t go to school, just connect to a MOOC,” that’s like telling somebody to read the textbook. You’d have to couple that with student support, study groups, lab activity, and the credential. And until you complete that equation, MOOCs have not changed higher ed.
In the words of Hillary Clinton: It takes a village.