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Re:Coursera S-1 IPO by woeirua on Friday March 05, 2021 @10:55PM (#26365039)
This will probably be downvoted like crazy here, but I thought we were against for-profit education?

Pretty sure everyone was up in arms when University of Phoenix and the like were bilking students of tens of thousands in student loans and then dumping them on the street with worthless degrees (or worse incomplete degree programs).

Sure the content of the Coursera programs may be better than anything you might have had access to with UoP, but the reality is that the degrees/certificates are just as useful right now as UoP's ever were. Until the rigor is there the degrees will continue to be worth nothing. Unfortunately, that means that Coursera's business model is probably fundamentally broken, as they have previously admitted that too many people drop out if the courses are too hard. Also, making the courses meaningful would certainly require hiring a lot of TAs to grade assignments, which would cost them a lot of money.

I agree that online education definitely has a role to play in the future... But I'm really struggling to see why everyone agrees that one for-profit school is unequivocally bad, but the other gets a free pass.

Re:Coursera S-1 IPO by sammorrowdrums on Saturday March 06, 2021 @01:37AM (#26365659)
I'm one of the faces of the Coursera ads (they interviewed me about career change from drummer to deveoper). I feel exactly the same. When it was free, and when for profit institutions were experimenting more too, it felt like a revolution. The Stanford 'Startup Engineering' course on Coursera was only offered back then and it was amazing. Andrew Ng's ML, Prinston's Algorithms, all free including certificate.

I used Udacity CS101, Google Python Class and loads of other free resources and changed my life. It was true when I said Coursers changed my life. What has been slightly sad as it took Coursera years to start seriously advertising with my face, and even when they interviewed me they were almost beyond recognition.

It makes me sad I just happened to learn CS and software development during the online education wild west. That's what I dreamed of for everyone. Top level education for everyone, for free. I didn't care about certificates. I had knowledge and projects I could prove.

It may not all be doom and gloom, but when people ask me for recommendations after seeing advert, I sigh a little, because situation isn't as great as it was.

https://youtu.be/Z1lqnyEp38o

Re:Coursera S-1 IPO by Gene_Parmesan on Saturday March 06, 2021 @05:53AM (#26366598)
Count me as another person for whom Coursera was a life-changer. I went from disaffected lawyer to deeply satisfied software dev in 4 years, in large part due to Coursera and edX, with nods to MIT's OpenCourseWare and Stanford's platform as well. Classes such as Nand to Tetris, Prof Sedgwick's algorithms, Prof Ng's ML on Coursera and MIT's Intro to CS and Programming on edX, among many others, were more than enough to get me to a place where I felt confident applying for jobs. (Especially when mixed with a few years of a Pluralsight sub as well, and some time as a volunteer with a nonprofit.)

I am deeply indebted to Coursera, but I always felt like they would struggle making money. People are only willing to pay for certs if they mean something, and unfortunately they don't. When I interviewed, every place I met with was impressed by the courses I had put myself through and the knowledge I had gained -- but not a single one even asked a question about any certificates. I always thought a sub model would probably fit them better, but it's obviously difficult-nigh-on-impossible to claw back free content. If they wanted the content to stay free, they really needed the strong backing of some sort of private entity.

Re:Coursera S-1 IPO by sammorrowdrums on Saturday March 06, 2021 @06:41AM (#26366772)
100% same. Never showed certificates to a soul. But just as with you, was is not too difficult showing knowledge in software industry, at least in most startups.

And yes, some of the other platforms have been amazing too. I did the full databases course on Stanfords platform. That was priceless, and also free. Relational algebra was exactly the sort of theoretical knowledge that just learning from experience and docs doesn't teach.

Interestingly I also find most companies I have seen willing to pay for courses want some kind of certificate at the end. They don't seem to value abstract learning, even though that's the part that their team leverage to hopefully help their bottom line.

I want the platforms to make money, but I feel like universities who were not wanting to be left behind when the concept was emerging gave away far more for a short moment than they ever were going to continue to do.

Certificates and credentials and things distract from actual verifiable learning in so much of education. It is deeply ironic because that is their entire purpose.

I understand regulated industries like legal, medical and engineering need to have minimum standards that require certification, but yet the quality and reliability of practitioners varies wildly. I just feel like by turning education into a product, it is a necessary evil. Government funding is an avenue that lots of academic institutions go down. Perhaps governments should invest in more free and open education. Rather than for example funneling so much money to textbook companies.

Call me naïve and idealistic, I appreciate that there are problems and counter arguments, and as mentioned in many comments, competition does help to drive down prices. I certainly think we are still in a much better place now with it all. I'm still optimistic about all the amazing education opportunities online.

Re:Coursera S-1 IPO by ghaff on Saturday March 06, 2021 @08:17AM (#26367134)
>I always thought a sub model would probably fit them better, but it's obviously difficult-nigh-on-impossible to claw back free content.

That's basically the LinkedIn model as I understand it--which has what used to be Lynda and maybe other things. I have it available as part of my company's continuing ed materials.

But what works as a professional resource paid for by companies doesn't necessarily work for individuals who will mostly only pay for a cert that employers are specifically looking at. Maybe some would pay a Netflix-range monthly fee but I suspect not enough.

Re:Coursera S-1 IPO by Exmoor on Saturday March 06, 2021 @10:54AM (#26368202)
Anytime I see Lynda/LinkedInLearning come up I always mention that, at least in my area, a lot of local public libraries subscribe to give their residents free access. Although I don't think that site is as strong in the programming-type courses they have a huge breadth of courses that can help the average person learn a new skill.
Re:Coursera S-1 IPO by sammorrowdrums on Saturday March 06, 2021 @01:45AM (#26365686)
What they don't really go into in edited interview properly is that early on it also felt like open courses online could end paying for mediocre teaching, you could basically skip around doing best-in-class courses from top teachers and experts in their fields, and it didn't matter if you had no money in the world, just internet and a computer.
Re:Coursera S-1 IPO by Graffur on Saturday March 06, 2021 @09:57AM (#26367762)
Online learners need to be use multiple sources and tools to learn. Use some of Coursera's free content with some YouTube videos with some blog posts with some Udemy sales with some library books.

It's unreasonable to expect one institution to provide all of the above for free and they just can't compete with the broad range of the internet.

The internet itself is the revolution in learning, not Coursera and not Udemy.

Re:Coursera S-1 IPO by sammorrowdrums on Saturday March 06, 2021 @12:04PM (#26368757)
I don't disagree. It is true I feel sentimental, the sadness is only that what I had at that precise moment in history was so amazing and so "let's just try it and see how it goes" from educators, platforms and students that it made it so easy to access great classes including lecturers time from places like Stanford for free. What I got is not available for free. All the knowledge is available, from free and open sources though. Just not packaged as easily.

But you are still correct.

Re:Coursera S-1 IPO by golergka on Saturday March 06, 2021 @05:52AM (#26366594)
If it provided such an enormous value to you, what's wrong with paying for it?
Re:Coursera S-1 IPO by nosianu on Saturday March 06, 2021 @09:42AM (#26367637)
I took more than 60 courses on Coursera and edX, like the parent commenter mostly during the completely free days. About a fifth of it was top level, about a third was "easy" courses, for example history of architecture.

I did not take a single course in my profession (I'm a CS guy doing architecture work now). Most of it was in chemistry, org. chem, bio-chem., anatomy, physiology, medicinal chemistry (drug development), neuroscience, biology/genetics, clinical study design - plus a lot of statistics practical courses (using R to do stuff, there was a very good multi-course series on Coursera).

I would not have paid anything because 1) it was just for fun, I cannot make any money with what I learned, and 2) I was earning a pittance only because I was doing did for a few years while recovering my health.

I think I can generalize the second point at least a little bit - I could see a lot of people taking such courses exactly when they are not busy in their jobs. It takes waaayyyyy too much effort to do this on the side when you have an active job and especially a family on top. Therefore I think a lot of the people who would be interested are exactly those who may not have the budget to pay.

Even more so because there are plenty of alternatives (for me my learning marathon years started with 100 hours of physiology lectures in a Youtube channel, and if I had to pay anything for access there was no way I would have ever even found any for-pay courses in the first place since the whole thing was completely accidental, one thing leading to another), and also because those "certificates" don't mean a thing.

The FOR PAY model removes all the "play" part, only people with a plan andintent come to such a place in the first place. I think free education would be far better, attracting more "accidents" like myself who never planned for any of it.

Already when I took the courses I knew they were doomed to disappear (in that form) because there would be insufficient profit. I always thought some way to fund such sites so that they can provide FREE quality education would be better instead of forcing them into the usual profit constraints. Of course 99% would be "wasted" from the point of view of the monetary-minded people (for whom my own years-long for fun learning would be completely useless too), but even they might see that even just a tiny percentage of people who do benefit and who would never found the opportunity in a for-pay edu system would be worth it, globhal-economically speaking. The price is insignificant compared to any presence-based learning (and having created multimedia learning content I certainly don't undervalue the effort for even a single course, but it's a one-time effort, and the continued presence of TAs can be achieved from within the learning community, I did that too for some of the more technical courses, free support to other learners helped me learn that much more by having to research other people's questions).

Re:Coursera S-1 IPO by golergka on Saturday March 06, 2021 @06:32PM (#26371538)
I understand where you're coming from, but with my personal experience, I just can't completely agree. Like you, I earn my money with CS, but I do music as a hobby. Never earned anything serious from it. And yet, I feel completely comfortable paying for hardware, software - and yes, education, having completed both online and offline courses.

And yet, paying for it didn't remove the "play" part you're talking about. In fact, I would feel awful if I used the very valuable services provided to me by these business and persons for free, exactly because I enjoyed them so much.

Re:Coursera S-1 IPO by nosianu on Sunday March 07, 2021 @04:56AM (#26374606)
I get the feeling you ignored well over half I wrote. I hate it when people carefully select only parts of a whole to find something to nitpick. Not to mention that it isn't about anyone's personal feelings, it's how people overall act. You can have the opinion that mankind should be more like this or that, but unless you manage large scale changing of the world's population I think it's better to do something with the people actually here.

Oh and you ignored half my post, I repeat: Not only is there a big difference between me and you, you actually use the gained knowledge, I also made the point that you will only reach a small part of the population who 1) have a goal and 2) have money, which for most of the world is not true. Providing knowledge to significant parts of the world who have Internet access but not nearly enough free money for multiple courses (thousands of dollars before you learn anything, even at just $50 a course, many cost much more than that). You not only look at only yourself, even assuming a broader view you concentrate on the top 10% of people worldwide.

Re:Coursera S-1 IPO by sammorrowdrums on Saturday March 06, 2021 @07:01AM (#26366852)
Also I would probably consider a pay-it-forward model of being able to sponsor others doing the courses that have subsequently brought me value, now that I have actually got some value from doing them.
Re:Coursera S-1 IPO by sammorrowdrums on Saturday March 06, 2021 @06:58AM (#26366837)
For me nothing, in principal, but in reality I would not have done it. I finished Startup Engineering staying on friends couch between gigs. I did not have the cash.

And when I first tried coding from a self-paced course much earlier on, I wouldn't have started casually with a paywall.

Also, I valued the fact people in economies where they would almost certainly not afford US / European prices could freely participate as long as internet was available.

For me it is sort of like if you had to pay for git. It is one of my most used and valued tools, but part of its inherent value is its ubiquity, which I do believe has only come to pass because of the fact it is free software in all senses.

There's a difference between something we all have, and something we could have if we are able/willing to pay and I think education overall needs a bit of both.

Re:Coursera S-1 IPO by 3eto on Saturday March 06, 2021 @05:26AM (#26366506)
People underestimate the value of free.

There are millions of kids and people of all ages going to extremes to access the internet to learn new stuff.

I met a kid in a remote village who would cycle for miles every weekend they were not working to seat in a public library to learn on the internet, for that kid a course costing 1 penny would be too expensive and no one in the family had a credit card to begin with.

Sal Khan deserves all the praise and more, Khan Academy is now in multiple languages, his videos are literally changing people’s lives.

MIT’s edX used to be free, they are now monetising the courses and will withdraw access after their self imposed artificial course time has run out if you don’t pay them, this also creates a second class of students, the ones with money get special privileges and get graded and the poor ones don’t and offering ‘financial aid’ doesn’t work if you really want to reach far and wide, how many will close the site when they see it costs thousands of dollars for a course? In a sense edX is way more disappointing than Coursera.

But just like I stopped recommending Coursera when they started restricting access to their courses I look forward to shorting their stock when they go public and donating the profits to educational nonprofits.

Re:Coursera S-1 IPO by cute_boi on Saturday March 06, 2021 @10:44AM (#26368147)
Yup I am tired with this strategy.

Start with free tell them you are doing novel thing -> Becomes Popular -> Start milking money

I am thankful to Khan Academy for this exact reason. Everyone is equal in their eyes and doesn't discriminate people based on how rich they are.

European and American people don't realize how much privileged they are.

Re:Coursera S-1 IPO by paulcarroty on Saturday March 06, 2021 @08:33AM (#26367221)
> But just like I stopped recommending Coursera when they started restricting access to their courses

Same story, now I recommend Freecodecamp & Khan Academy. Some of Stanford free courses are very good too.

Re:Coursera S-1 IPO by dmurray on Saturday March 06, 2021 @06:23AM (#26366703)
Coursera's upsell advertising (I'm working through, and recommend, Dan Grossman's Programming Languages right now) seems to have switched away from advertising the vocational benefits of their certificates to making it sound like a charity.

It used to be "get this certificate to get 6x more LinkedIn views". Now, 50% of the ads I get are "support Coursera's mission to bring people education for free".

Re:Coursera S-1 IPO by yunesj on Saturday March 06, 2021 @08:33AM (#26367226)
> I thought we were against for-profit education?

Jeeze, not everyone on HN has the same viewpoint!

These categories of schools just have different funding mechanisms and thus different incentive structures. Compared to private nonprofits, for-profits can crowdfund creation of the school, but give up some ownership. On the other hand, public nonprofits are controlled by politicians and the general public.

> why did [many people] think that one for-profit is bad, and the other gets a free pass

I suppose for most people it was a value judgement, rather than an ideological one. The same reason why someone might dislike McDonald’s, but still like Veganburg. Bang-per-buck, many Coursera classes are a better value than those at other schools, whether they are for-profit, private nonprofit, or public.

Re:Coursera S-1 IPO by theptip on Saturday March 06, 2021 @01:47AM (#26365694)
I don’t get why we’d dismiss a cheaper option out-of-hand. Easy to steel-man this one;

* economy of scale means it’s cheaper for the same quality

* egalitarian access means you don’t need X gpa to get the top classes

* online means the TAM / impact is way bigger

* lack of actual degree for most courses means you are spending your dollars on actual learning and not merely paying to signal middle-class membership

I’m not necessarily buying in to all of these but I think there’s clearly enough to justify the business on its surface. Haven’t dug into the biz metrics though.

Anecdotally a friend did Open University which is probably equivalent to the full degrees offered at Coursera, but less convenient. They spent years grinding out a degree after work. They are a data scientist now. So this path is valuable and increases access to (I’d argue overly) credentialed jobs.

Re:Coursera S-1 IPO by the_only_law on Saturday March 06, 2021 @01:53AM (#26365712)
Open University is an incredibly interesting idea to me, and apparently a respected University in the UK at least, but even with that it just doesn’t feel right.

For someone who did not take the traditional path to schooling, wanting to go back open access is amazing, but if the primary value of the credential is correlated with selectivity, I can’t help but feel off. It effectively feels like pay to play and to the average person who hasn’t heard of the school/program, does it signal more than a for-profit. I also couldn’t be sure, not being familiar with how UK programs are generally structured, but a lot of the programs looks extremely superficial, and wide, like what you would get from a low tier AS program at a bad community college. This is kinda the same feeling I had with certain degree options through Coursera as well.

Re:Coursera S-1 IPO by nprateem on Saturday March 06, 2021 @02:32AM (#26365838)
I considered doing an MBA with the OU. I called up, but I'd "missed the deadline", and I haven't gone back. The next round was starting in 3 or 6 months or something, not to mention it'd cost me several £k. In the meantime I've continued to take many courses on Coursera.

The only time a certificate would be useful to me would be if I wanted to change career. Other than that, I just want the knowledge, and Coursera lets me blast through courses to get top quality information. I love it.

Re:Coursera S-1 IPO by theptip on Saturday March 06, 2021 @02:08AM (#26365756)
OU is legit. My pal did Physics, then got into an engineering masters at a good university, then did a data science for grads transition course.

Flexible course curriculum but it seems they give you the stamp you need to get to the next level, and perhaps more importantly, the flexibility to do it at your own pace. It may be that as you say you can pick your curriculum to be shallow, I don’t know the details I’m afraid.

I think a lot of roles just care about box-ticking; degree in CS or related STEM field. The recruiter doesn’t care where from if you tick the box. In some sense it’s BS, and Coursera may be the cheapest way to hack the system here.

My friend found it really rewarding and empowering to get his degree even though he took a detour to get it, so i can at least provide a third-hand vouching for the quality of OU from an educational content perspective, as well as passing the bar for credentialism too.

Caveat Emptor, I don’t have any positive or negative testimonials on Coursera for getting a job. And I’d actually suggest in software that you can get into the field without a degree much more easily than other STEM fields. But if you’re not in a tech hub then the credential might help you to get a foot in the door if you are otherwise struggling to see a way to do so.

Re:Coursera S-1 IPO by the_only_law on Saturday March 06, 2021 @08:23PM (#26372223)
Was your friend UK based? Very cool that your friend was able to get into a good masters program (that’s part of the reason I’m considering going back) although I’m confused on how a physics degree works through distance learning. Do those not typically involve labs with millions of dollars worth of scientific equipment? I’m going to have to call a few schools I’m looking at to verify their programs are 100% distance learning, because while the marketing material claims that, many of the program courses seem to indicate otherwise.
Re:Coursera S-1 IPO by theptip on Saturday March 06, 2021 @09:35PM (#26372612)
Yep, UK based.

I also did a physics undergrad (in person) and can attest that most of the classes these days are theory-based. Lots of maths; Quantum Mechanics is all maths, Nuclear/Particle is all theoretical/computational (though at the point of masters/PhD you would get to fire lasers at real things, I never did though). I did have one experimental lab class where we practiced measurements of various sorts, but that was maybe 10-20% of the first couple years. You could take different electives that emphasize experimental physics more, but the theory is plenty deep to keep you busy without compromising. So if you want to learn quantum physics or stellar nuclear physics for example you don’t need a lab at all.

Re:Coursera S-1 IPO by andyjohnson0 on Saturday March 06, 2021 @06:49AM (#26366806)
I know two people with OU degrees (CS and Law respectively) and their qualifications are proper, legitimate degrees. The content seemed as challenging (frequently more so) as the material I had to contend with doing a full-time three year degree. But they did it over eight years while also doing a full-time day job. Anyone who can do that has my sincere admiration. I'm pretty sure I couldn't do it.
Re:Coursera S-1 IPO by theptip on Saturday March 06, 2021 @09:37PM (#26372619)
I agree 100%, I have a deep respect for those doing a degree at their own pace and along side a 9-5. I loved studying at uni but I don’t think I could sustain that.
Re:Coursera S-1 IPO by matheusmoreira on Saturday March 06, 2021 @02:18AM (#26365787)
> student loans

That's the root cause of the problem. I seriously doubt the integrity of any system can survive the injection of trillions of dollars into the market. Schools want to capture as much of it as possible and that means raising tuition, dumbing down classes to make sure students don't drop out as well as creating fun but useless courses. It actually makes no difference whether students are learning anything useful or even if they're learning anything at all. They just need them to be enrolled in order to get those loans.

Re:Coursera S-1 IPO by pfranz on Saturday March 06, 2021 @12:35AM (#26365473)
I 100% share your concerns. What you and I hate is the predatory, indenturing nature of for-profit colleges that don't provide marketable skills--what currently exists. The certificate from UoP, Coursera, or the receipt from a Ruby on Rails book all have the same market value when applying for a job, but I hope everyone here has bought and got value from a tech book.

I honestly don't know what makes universities work. Their "mission" to educate in the US has definitely crept towards for-profit. Seeing endowments grow multiple times over but their student body stay the same size. Over the past few decades they've teased by publishing course materials online, but have usually been very protective. I can't imagine this not changing over the next few decades.

Like you point out, entry level stuff scales really well. Maybe "graduate level" material costs a premium or its a loss-leader as a way add prestige? University undergrad often has "filter classes" which always seemed like a money grab because otherwise their admissions and onboarding departments aren't doing their job. Graduate classes were always much smaller and hard for people to afford.

Re:Coursera S-1 IPO by baby on Friday March 05, 2021 @11:10PM (#26365107)
I was extremely surprised, and disappointed, when Coursera started charging money for classes. It was really a revolution when it started.

Yet, I still believe coursera is amazing and I’ll buy some shares just to fund the idea. I guess that was the original intention of the market.

Re:Coursera S-1 IPO by cromka on Friday March 05, 2021 @11:15PM (#26365133)
Felt exactly the same. I hope Khan Academy will evolve into what Coursera originally promised to become.
Re:Coursera S-1 IPO by baby on Saturday March 06, 2021 @01:46AM (#26365693)
I don't see Khan Academy or Brilliant as being the same as Coursera.
Re:Coursera S-1 IPO by 3eto on Saturday March 06, 2021 @05:32AM (#26366520)
I hope you’re right and Khan Academy won’t ever be the same as Coursera, I hope they will remain free and can grow into becoming better than Coursera, perhaps educators on Coursera will start sharing their courses for free on Khan Academy.
Re:Coursera S-1 IPO by cromka on Sunday March 07, 2021 @03:56PM (#26379689)
What I meant was that I hope that it would evolve into "what Coursera originally promised to become".
Re:Coursera S-1 IPO by ghaff on Saturday March 06, 2021 @08:30AM (#26367204)
>It was really a revolution when it started.

Many people thought it was anyway.

In practice, it ended up being mostly another source of lecture videos used by motivated professionals with generally solid fundamentals. For which, frankly, there were already a lot of resources out there.

Re:Coursera S-1 IPO by baby on Monday March 08, 2021 @02:52AM (#26383224)
I'm not sure what you mean by that. First, at the time you couldn't find stuff like that online. I'm talking, legit course from legit professors for free.

Then about the audience? I personally was a student when Coursera became a thing and I got into my masters by taking the course on cryptography. I have many student friends at the time who learned a lot through other courses.

Re:Coursera S-1 IPO by riffraff on Saturday March 06, 2021 @01:52AM (#26365709)
are they actually charging for classes now, or just certificates?
Re:Coursera S-1 IPO by baby on Monday March 08, 2021 @02:54AM (#26383230)
I'm not sure if there are courses that you can't take without paying, I remember that they sometimes made it really difficult to figure out if you could access the course for free (I believe it's better now).

Honestly it's hard to complain, because all the stuff is still there. It's just not as utopian and revolutionary as it once seemed to be. Or maybe it is and I should stop complaining. I just wished it was like wikipedia.

Re:Coursera S-1 IPO by duderoso on Saturday March 06, 2021 @02:07AM (#26365753)
just the certificate. and you also get access to some extra things like the autograder in some classes. But otherwise, nothing is different.
Re:Coursera S-1 IPO by rubin55 on Saturday March 06, 2021 @03:12AM (#26365980)
Actually, I was doing some updated courses a while ago, which I started a few years back and wanted to finish. I could follow the videos and reading material, but I could not do the end—of-week quizzes without paying. This really put me off.
Re:Coursera S-1 IPO by f6v on Saturday March 06, 2021 @03:39AM (#26366061)
It’s vastly different for many courses. The exercises are often paywalled, which means you can’t put your skills to the test.
Re:Coursera S-1 IPO by ghaff on Saturday March 06, 2021 @08:25AM (#26367173)
And at that point, you're just watching videos and, while people learn in different ways, you may be just as well or better off picking up a book and taking advantage of resources like MIT OCW.
Re:Coursera S-1 IPO by baby on Monday March 08, 2021 @02:55AM (#26383233)
Entitled much?
Re:Coursera S-1 IPO by 3eto on Saturday March 06, 2021 @05:29AM (#26366512)
I'll be taking the other side of your trade and shorting the stock, every time I win I'll donate the cash to educational nonprofits.
Re:Coursera S-1 IPO by cabaalis on Saturday March 06, 2021 @10:50AM (#26368179)
> but I thought we were against for-profit education?

So it just .. shouldn't be allowed? Free markets allow you to set your price for your abilities and have agency over your future. If I want to charge people something to teach them something, I don't want a group of hackers telling me I can't.

Re:Coursera S-1 IPO by Findeton on Saturday March 06, 2021 @05:32AM (#26366521)
I'm totally in favour of for-profit education. Obviously teachers need to earn money/eat. Unregulated education tends to have a wide variety to choose from, from free to very expensive, and that's a good thing.
Re:Coursera S-1 IPO by cinntaile on Saturday March 06, 2021 @05:49AM (#26366581)
Not for profit doesn't mean what you think it does. Teachers at not for profit schools earn a wage, just like at for profit schools. It means that the excess can be siphoned off to stock owners instead of being reinvested in the school.
Re:Coursera S-1 IPO by yunesj on Saturday March 06, 2021 @07:43AM (#26367003)
> the excess can be siphoned off to stock owners instead of being reinvested in the school

Yes, but the excess isn’t siphoned away to random people. It’s paid to the investors in exchange for creating the school.

Re:Coursera S-1 IPO by cinntaile on Saturday March 06, 2021 @08:38AM (#26367255)
Can you clarify your argument, I don't get where you are going with this? Also once Coursera is on the stock market then you and I can own it and we didn't create the school.
Re:Coursera S-1 IPO by SkyPuncher on Saturday March 06, 2021 @12:41AM (#26365494)
Imo, for-profit degrees have always been the actual problem.

Paying to take a single class has never been the problem with for-profit education.

Re:Coursera S-1 IPO by say_it_as_it_is on Saturday March 06, 2021 @10:06AM (#26367836)
Have you used Coursera before? You don't have to pay to take a course. You pay for the certification of completion.

Regarding for-profit education, does anyone here think that a government-backed education platform would have achieved what Coursera did in the last 10 years? Don't kid yourself. It wouldn't have been remotely close in quality and content and would have been a feeding trough for the political class. It wouldn't have even been granted funding.

Re:Coursera S-1 IPO by ghaff on Saturday March 06, 2021 @10:33AM (#26368065)
In a lot of cases these days, auditing a class doesn't give you access to anything other than the video lectures--so no autograded assignments, quizzes, etc. So basically no different than a bunch of YouTube videos.
Re:Coursera S-1 IPO by higerordermap on Saturday March 06, 2021 @03:50AM (#26366116)
I am firmly of the opinion that industry should fund public education in their respective sectors. If every talented person gets best and practical-focused education possible, that's a plus for the industry. Commoditization of high quality education makes sense to them.
Re:Coursera S-1 IPO by fibers on Saturday March 06, 2021 @09:04AM (#26367418)
> This will probably be downvoted like crazy here, but I thought we were against for-profit education?

Well you are on one of the hotbeds of the internet where the mantra is 'monetize everything and see what sticks' sooo

Re:Coursera S-1 IPO by gojomo on Saturday March 06, 2021 @10:24AM (#26367980)
Who's the "we" who are supposedly against for-profit education?

And, why would someone's negative impression of one particular for-profit education outfit – one whose abuses were strongly associated with a particular set of misguided incentive-misaligning government loan subsidies – turn them off against all for-profit educators?

Would either of the following formulations make sense:

"I thought we were all against for-profit investor Bernie Madoff, why do people like for-profit investor Warren Buffett?"

"I thought we were all against for-profit medical hype like Theranos, why do people like for-profit BioNTech's mRNA vaccine?"

You shouldn't erase all the other salient differences between people & projects under some broad, & assumed derogatory, "for-profit" label.

Re:Coursera S-1 IPO by blockyhead on Saturday March 06, 2021 @04:43AM (#26366320)
It's crazy to me to demand education should not cost anything.

Competition is a good thing and the best way to drive prices down.

Just because bad actors defraud their clients, doesn't mean all business should be outlawed.

Re:Coursera S-1 IPO by mupuff1234 on Saturday March 06, 2021 @12:10PM (#26368805)
Can't say I'm against for-profit education as long as there is a government funded affordable option.