I am pretty sure (90%) I got dropped from consideration by a FANG company because I don't have a degree.
As an example, take the University of Waterloo (by no means a top school in the world, but definitely up there in Canada). For the math faculty, in 2018 we had 16,000 applicants for undergrad math programs and admitted 1,200. That's a 7.5% acceptance rate. Beyond that, we regularly see upwards of 30% of first years fail one or more of their courses. Many of these fail two courses and are asked to withdraw.
You just don't see that with online courses. Anyone can take them and the high percentage who never complete the course are assumed to have lost interest, likely due to a lack of significant investment in the program. Brick and mortar universities signal serious commitment in time and money on the part of the student, in addition to ability.
Wait, after a single failed course?! That seems... cruel to do to people straight out of high school. I failed linear algebra 1 (sort of by accident). But here in a European country, people fail stuff regularly, only like the top 40% maybe have "clean years" every year, actually some very good students sometimes fail stuff too when I think about it.
You can fail your elective and they won't care, but that's really unusual since people choose easier courses for that.
There is a lot of potential with interactive media using a computer that never gets applied to these online courses because of the technical limitations of teachers and related support staff. It is hard to make really good online courses.
If it's good enough for in-class, why is this approach insufficient for online? I actually prefer this exact setup when taking college classes online. I can rewatch portions of the lectures if necessary, and there's not a bunch of people asking disruptive questions.
> There is a lot of potential with interactive media using a computer that never gets applied to these online courses because of the technical limitations of teachers and related support staff
I don't feel much of these types of things have been superior to books.
The best you can get online is one on one video calls, and while not too much worse compared to real face to face conversations, you will be hard pressed to get live video to web scale.
From there, it descends into the absolute dumpster fire that is any sort of real discussion around less technical topics.
As it turned out, OCW ended up overshadowed by the various straight to consumer MOOCs.