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The possible financial implications of transferring depend in part on the extent of credits lost in the transfer. Using Education's transfer data, GAO estimated that students who transferred from 2004 to 2009 lost, on average, an estimated 43 percent of their credits, and credit loss varied depending on the transfer path. For example, students who transferred between public schools-the majority of transfer students-lost an estimated 37 percent of their credits. In comparison, students who took some of the less frequent transfer paths lost a relatively higher percentage of their credits. For example, students who transferred from private for-profit schools to public schools accounted for 4 percent of all transfer students but lost an estimated 94 percent of their credits

"After rigorous review, the National College Credit Recommendation Service (NCCRS, Regents Research Fund, USNY) has recommended six Saylor Foundation course exams for potential credit, bringing the total of recommended exams to nine. Students who pass proctored exams for these nine courses could earn up to twenty-eight transferable college credits."

"in higher education, we do not have a common language to discuss the value of a college credit. At an event hosted by Jobs for the Future and Higher Education Advocates,called Paving New Pathways: Today's Students, New Credentials, and the Next HEA, I noticed a recurring theme: There is a serious issue with college credit transfer policies across postsecondary education. Courses that count for credit at one institution do not "translate" to another. This issue has real consequences on student success and degree completions."

"Current students who take the free online college courses can earn certificates of completion, but not college credit. However, if MOOCs are determined to be close enough to traditional college courses as to become eligible for academic credit, they could make higher education more affordable and accessible, Ms. Lewin writes."

"This page is intended as a portal for information on all of Saylor's various efforts to link free Saylor.org courses to college credit. A running list of courses that are aligned to free or affordable credit options can be viewed here."

"ACE announced today that 25 colleges and universities are joining an alternative credit consortium as part of an innovative initiative to create a more flexible pathway toward a college degree for millions of nontraditional learners. The 25 institutions serving in this pilot project have agreed to accept all or most of the transfer credit sought by students who successfully complete courses that are part of a selected pool of about 100 low-cost or no-cost lower division general education online courses. These institutions also will help identify the sources, criteria and quality of the courses."

"On Tuesday, San Jose State University announced an unusual pilot project with Udacity, a for-profit provider of the massive open online courses, to jointly create three introductory mathematics classes. The courses will be free online, but students who want credit from San Jose State will be able to take them for just $150, far less than the $450 to $750 that students would typically pay for a credit-bearing course."

Antioch University is the first US institution to receive approval from Coursera to offer college credit for specified Coursera MOOCs (massive open online courses). Through this new partnership, Antioch University and the Antioch University Los Angeles campus can reduce student costs to complete a four-year degree and expand course offerings through free online courses offered by the highly respected universities that have partnered with Coursera.

Very cool! Maybe college debt will start to go down for students of the future. Higher levels of education for less money :) I know I will paying back my school loans until I am dead.

"As the "credit for prior learning" movement gains traction, it will be progressively easier for students not only to learn in nontraditional ways, but to accumulate credits for what they've learned."

almost a year after Global Campus made the announcement, officials are still waiting for their first credit bargain-hunters. Not one student has taken the university up on its offer.

"A growing number of Fortune 500 companies, like Walmart, have grown tired of waiting for colleges and universities to produce the skilled workers they need and have started offering their own classes instead. And as an added bonus for employees: Many of these courses -- from Starbucks' Barista Basics to Jiffy Lube's finance fundamentals -- are eligible for college credit. "What companies like is just-in-time learning that gives somebody a skill they need at the time they need it," says Mark Allen, a Pepperdine University business professor and author of The Next Generation of Corporate Universities. "What traditional universities do to a large extent is just-in-case learning.""

"The university's Arts & Sciences Council, the governing arm of the undergraduate faculty, voted down a proposal to join a consortium of top colleges offering for-credit online courses through 2U, a company that specializes in real-time, small-format online education."

"When the Legislature convenes in January, my intent is to work with the governor and Legislature to appropriately update the statute to meet modern-day circumstances," he wrote. "Until that time, I see no reason for our office to require registration of free, not-for-credit offerings." But that may not be the end of the matter. If, down the road, Coursera starts charging for the courses or students can earn credit or certificates for them, the state might reassess its approach, he said.

"Academia has lots and lots and lots of systems in place for assuring that credit is always given where credit is due. If you're writing a paper, there are particular ways to cite internet sources-- even tweets and Facebook posts. But what about on the internet? We know we're supposed to cite sources, but a standardized system hasn't developed, and in the meantime, you could face a lawsuit if you steal someone else's work, even by accident."

Digital badges are receiving a growing amount of attention and are beginning to disrupt the norms of what it means to earn credit or be credentialed. Badges allow the sharing of evidence of skills and knowledge acquired through a wide range of life activity, at a granular level, and at a pace that keeps up with individuals who are always learning-even outside the classroom. As such, entities not traditionally in the degree-granting realm-such as museums, associations, online communities, and even individual experts-are now issuing "credit" for achievement they can uniquely recognize. At the same time, higher education institutions are rethinking the type and size of activities worthy of official recognition. From massive open online courses (MOOCs), service learning, faculty development, and campus events to new ways of structuring academic programs and courses or acknowledging the granular or discrete skills that these programs explore, there's much for colleges and universities to consider in the wide open frontier called badging.

"To start college, the typical student must meet admission requirements (if any), enroll and pay tuition. But what if anyone anywhere could try out a prominent university's classes for a small fee and wait until the end to decide whether to pay tuition for credit toward a diploma? That is one of the groundbreaking ideas behind an Arizona State University plan, announced Wednesday, to offer a freshman curriculum online through the nonprofit Web site called edX."

Today California (CA) Senate President pro Tem Darrell Steinberg (author of the CA open textbook legislation) announced that SB 520 will be amended to provide open, online college courses for credit. In short, the bill will allow CA students, enrolled in CA public colleges and universities, to take online courses from a pool of 50 high enrollment, introductory courses, offered by 3rd parties, in which CA students cannot currently gain access from their public CA university or community college.

One YC-backed startup is betting that fingerprints and other forms of biometric identification may be the payment method of the future though. Called PayTango, they're partnering with local universities to offer a quick and easy way for students to use their fingerprints to pay instead of credit cards.

"MIT is taking perhaps its biggest step yet to combine free online classes with its traditional on-campus instruction. The university announced Wednesday at its Solve conference that it will allow students to obtain one of its master's degrees by doing half of the coursework online-from anywhere, for free, without any admissions tests-and then doing the other half in a single semester on campus."