No Financial Aid, No Problem. For-Profit University Sets $199-a-Month Tuition for Onlin... - 0 views
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Corey Schmidt on 16 Jan 13Gene Wade, the creator of University Now, in an educational entrepreneur. A subsidiary of Wade's University Now, called New Charter University, uses similar education principles as Western Governors University, but with a different pricing model. New Charter University offers online, self-paced courses for $796 a semester. Students are able to sample courses for free and pay the enrollment fees in order to receive credit. The University is nationally accredited, offering associates, bachelors, and masters' degrees. When a student enrolls in a course, he or she takes an entrance exam, determining ability to understand course material. If the student proves knowledge mastery of some or all of the course topics, he or she is waived of completing that portion of the coursework. Wade believes Pell Grants and access to student loans have led to the ever-increasing cost of college. New Charter University makes higher education affordable, while also convenient. A few questions tied to New Charter University's success still remain. Will employers value degrees offered through the University? Will the University obtain regional accreditation, allowing for credits to transfer to most colleges and universities across the country? Will students enroll in high numbers? Regardless of the future of New Charter University, Wade and his colleagues are collecting as much data on their students as possible. Tracking students allows University Now to better understand how students learn online, allowing new programs and technologies to enhance the online education model.