EdX. Anant Agarwal. EdX To Charge Students for Optional ID-Verified Certificates. EdX will now offer its students the option of paying a fee to receive an ID-verified “certificate of achievement” for completing an online course, marking the first time the 17-month-old virtual education nonprofit will monetize its free content. “Think of it as a premium model,” EdX President Anant Agarwal said of the new initiative Tuesday at an appearance at a Graduate School of Education-sponsored forum.
The new certification process, which is debuting for three edX courses this fall, comes at a time when providers of massive open online courses, or MOOCs, are increasingly thinking about making money from their services. Students registering for any of the three participating courses are now able to choose from among three possible tracks. They may audit the course for free without the expectation of any certificate, sign up for a free certificate, or pay a fee to receive an ID-verified certificate upon successful completion of class requirements.
Shareables — EdX Business model (by EdX CEO) MOOCs Observatory - Business Models | UNESCO Chair in Education & Technology for Social Change. Two edX partnership models – compared to Coursera edX offers its partners a choice of 2 partnership models. Both models give universities the opportunity to make money from their edX MOOCs—but only after edX gets paid. 1)”University self-service model,” allows a participating university to use edX’s platform as a free LMS for a course on the condition that part of any revenue from it goes to edX. The courses can be created by any individual professor and branded as “edge” courses . 2) “edX-supported model”- universities receive “production assistance from edX for their MOOCs. edX charges a base rate of $250,000 for each new course + $50,000 for each time a course is offered for an additional term, according to the standard agreement.
Universities can choose and switch models for every course every 12 months. Compare to Coursera: Both edX models offer higher shares to universities than agreements with Coursera do, but only once edX has collected its minimum payment. Updated 08-07-2013. How EdX plans to earn, and share, revenue from its free online courses | education's digital future. How can a nonprofit organization that gives away courses bring in enough revenue to at least cover its costs? That's the dilemma facing edX, a project led by Harvard University and the Massachusetts Institute of Technology that is bringing in a growing number of high-profile university partners to offer massive open online courses, or MOOCs. Two other major providers of MOOCs, Coursera and Udacity, are for-profit companies. While edX has cast itself as the more contemplative, academically oriented player in the field, it remains under pressure to generate revenue.
"Even though we are a nonprofit, we have to become self-sustaining," said Anant Agarwal, president of edX. And developing MOOCs, especially ones that aspire to emulate the quality and rigor of traditional courses at top universities, is expensive. Legal documents, obtained by The Chronicle from edX, shed some light on how edX plans to make money and compensate its university partners. According to Mr. Harvard and MIT Put $60-Million Into New Platform for Free Online Courses – Wired Campus - Blogs.
The group of elite universities offering free online courses just got bigger. Harvard University and the Massachusetts Institute of Technology today announced a partnership that will host online courses from both institutions free of charge. The platform, its creators say, has the potential to improve face-to-face classes on the home campuses while giving students around the world access to a blue-ribbon education. The new venture, called edX, grew out of MIT’s announcement last year that it would offer free online courses on a platform called MITx. The combined effort will be overseen by a nonprofit organization governed equally by both universities, each of which has committed $30-million to the project.
Anant Agarwal, director of MIT’s Computer Science and Artificial Intelligence Laboratory, who led the development of MITx, will serve as edX’s first president. edX plans to host its first courses this fall, across an array of disciplines. L. Depending on how edX develops, Mr. INFOGRAPHIC: Why edX is the Top Ranked MOOC. EdX (edXOnline) sur Twitter. EdX Drops Plans to Connect MOOC Students With Employers – Wired Campus - Blogs. Can taking a MOOC help a student land a better job? Proponents of the massive open online courses hope so. Each of the major MOOC providers—Coursera, edX, and Udacity—has expressed interest in helping connect employers to well-qualified job applicants who succeed in their online courses. But now, after a failed experiment, edX says it is giving up on job-placement services.
That was among several developments described last month to members of edX’s consortium in a private meeting during which a possible expansion of the group and of the edX business model were also discussed. The Chronicle obtained slides from the presentation from a non-edX source. In a pilot job-placement program, edX recruited 868 high-performing students from two computer-science MOOCs at the University of California at Berkeley. But it didn’t pan out. The MOOC provider has a number of theories about why the experiment went so poorly. After that experiment, edX decided to abandon its ambitions as a headhunter. How edX Plans to Earn, and Share, Revenue From Free Online Courses - Technology. By Steve Kolowich How can a nonprofit organization that gives away courses bring in enough revenue to at least cover its costs? That's the dilemma facing edX, a project led by Harvard University and the Massachusetts Institute of Technology that is bringing in a growing number of high-profile university partners to offer massive open online courses, or MOOCs.
Two other major providers of MOOCs, Coursera and Udacity, are for-profit companies. While edX has cast itself as the more contemplative, academically oriented player in the field, it remains under pressure to generate revenue. "Even though we are a nonprofit, we have to become self-sustaining," said Anant Agarwal, president of edX. And developing MOOCs, especially ones that aspire to emulate the quality and rigor of traditional courses at top universities, is expensive. Harvard and MIT made an initial investment of $30-million each last year to start the edX effort. According to Mr. Revenue Still a Puzzle. How edX Plans to Earn, and Share, Revenue From Free Online Courses - Technology. Document: The Revenue-Sharing Models Between edX and University Partners - Technology.
s3.documentcloud.org/documents/605304/financial-arrangements-x-universities. Www.capgemini.com/resource-file-access/resource/pdf/edx_09_01_2014_0.pdf. MOOC_ecosystem.png (957×846) Margaret Weigel: 5 Ideas for EdX, Harvard and MIT's New Online Initiative. On May 2nd, the education world welcomed EdX, Harvard and MIT's $60 million online partnership that promises to upend higher education as we know it. At the launch event, MIT President Susan Hockfield, Harvard President Drew Faust and a handful of project administrators outlined a collaboration intended to enhance learning for both residential and online students via shared content on an open-source platform. Projects like EdX suggest that information not only wants to be free, lots of intrepid learners want it to be free as well.
Helping that smart but poor kid in Cambodia/Cameroon/Canada (with a robust internet connection) gain access to great teaching materials is a noble cause. But $60 million is not that much money to establish a non-profit organization that will provide no-cost, quality education to all, and MIT Provost Raphael Reif noted that EdX needs to become financially self-supporting. How can this project be sustained over time? $60 million just doesn't buy what it used to. EdX Drops Plans to Connect MOOC Students With Employers – Wired Campus - Blogs. How edX Plans to Earn, and Share, Revenue From Free Online Courses - Technology. MOOC_ecosystem.png (957×846) INFOGRAPHIC: How Major Players in the MOOC-iverse Get Their Game On. It’s not just students and higher ed institutions flocking to the MOOC extravaganza. Venture capitalists, foundations, companies, and non-profit orgs are also getting in on the action.
The Chronicle produced this spectacular infographic that helps illustrate the huddle around the experiment. We would have loved to see some of the other players like University of the People and Udemy in the mix, but this is a good start. [The Chronicle] Major players in online education market. Major players in online education market Comparing Khan Academy, Coursera, Udacity, & edX missions, offerings September 4, 2012 With most new markets comes competition, as is the case with online education. Today, there are four major platforms that produce content specifically for online instruction: Coursera, Udacity, and edX, which provide university-level content, and Khan Academy, which largely targets K-12 education. Khan Academy is an educational nonprofit founded in September 2008 by Salman A. Khan conceived the idea after making a website to help tutor his niece in 2004, and two years later he would post the first public video. Most of the videos, which tend to be around 10–15 minutes long, are on YouTube, with the exception of the Computer Science section, which contains integrated coding.
The instruction is oriented toward the casual learner as a supplement to traditional classroom learning. Udacity has a unique system of certifications. Global Brain Power: edX and the Transformation of Learning through ... Edx: Transforming Education Digitally. EdX. Harvard and MIT Put $60-Million Into New Platform for Free Online Courses – Wired Campus - Blogs. How edX Plans to Earn, and Share, Revenue From Free Online Courses - Technology.
Cambridge's MOOC Rock Star, EdX Head Anant Agarwal, Disrupts Higher Ed Business Model | On Campus | The WGBH News Higher Education Blog. Anant Agarwal speaks at the TEDx conference in Edinburgh, Scotland, in June 2013. (Credit: TEDx under a Creative Commons license.) In the land of higher education, where you might find brilliant professors wearing tweed coats with elbow patches, Anant Agarwal is a bit of a rock star. Agarwal is president of EdX, Harvard and MIT's $60 million online-learning venture. Last year, Agarwal taught the nonprofit's first massive open online course, 6002, a course on circuits and electronics. "6002 is all about teaching you how to simplify our lives, make things simple. " But what Agarwal and his colleagues didn't figure was the worldwide demand for free, online MIT engineering courses.
"We had 10,000 students sign up in the first few hours of making the course open," Agarwal said. So how would a rock star react to this type of panic? "You know, I didn't sleep for three nights leading up to the course," he said. And how much sleep has he gotten since? "We have a very small team," he said. How much?