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Startup college online intends to compete with the Ivy League

April 10,2012 by: admin

The internet is home to many educational institutions, some of which have a strong reputation while the others are of questionable repute. There are both private as well as public run educational institutes online. However, Nelson is absolutely sure that a completely new education model can take the world by a storm. Nelson is not the only one who nurtures this point of view. There are a number of leading entrepreneurs in the field of education who stand by his view point. There are a handful of them who have also started new educational ventures on the internet so they can compete with the leading colleges all over the world in a couple of years.

The concept of creating world class universities online is gaining momentum because of the growing concern in terms of educational costs for colleges. This increasing tuition fees has made it impossible for many students to consider attending full time regular college to attain their degrees. A revolutionary online university at this point of time is a highly attractive prospect not just for students and education experts, but investors as well.

David Wiley, who works at the Brigham Young University as an Associate Professor for Instructional Psychology and Technology, said that the only way for people to find out the viability of the elite online university is by giving it shape and form, instead of just sitting back and pondering repeatedly about the idea.

Nelson intends to attract students from all over the world towards the Minerva Project, which will be a for-profit college for undergraduates, where the courses will be exclusively designed by superstars in the field of education and academics. However, the Minerva Project also has a lot of scope for self study for every subject ranging from macroeconomics to Spanish. Though Nelson has not yet decided on the tuition costs, the tentative starting of the first batch is slated for the fall of 2014 with fees lesser than $20,000 per year.

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