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.
Huh. There you go.
Gates on MOOCs