A College Education on the Cheap? Tech Start-Ups Take on Higher Ed

Ann McClure's picture

Technology start-ups are cracking into the higher education market and their pitch is an enticing one: A college education for anyone at almost no cost.

Sound to good to be true? The founders of tech start-ups behind this revolutionary idea say they have already had success with their models, but they say there needs to be more momentum if their idea is to succeed.

“The 99 percent should be protesting college campuses,” says Sebastian Thrun, a Stanford University artificial intelligence professor, who recently co-founded Udacity, a technology start-up dedicated to providing higher education at a very low cost.

With the average cost to attend a private university on the rise, more and more people, who have the intellectual capacity to excel at that level, are unable to afford it.

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