Yes, but most people get a degree from an accredited university because they feel eventually it will get them ahead in life. True or not MOOCs don't carry the same prestige. They need to fix that. Also, with no one pushing the student it's easy for them to give up. MOOCs are great to improve your skills and enhance your college transcript but not to get a degree.

But I see your point, they have value. I took a tv based class to get credits for my degree. Now I would do it online. In time, moocs value will improve.