The threat unleashed by the coronavirus that could make traditional college degrees obsolete – CNBC
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- Over 90% of students around the world saw their schools close as a result of Covid-19.
- Online learning platform Coursera, founded by two Stanford professors, has seen more than 25 million enrollments since mid-March, a 520% increase from the same period last year.
- In response to the pandemic, the company is offering thousands of free courses to unemployed workers and university students worldwide for a limited time.
- Coursera ranks No. 4 on the 2020 CNBC Disruptor 50 list.
One thing the pandemic and ensuing economic slowdown has done is to make people rethink their finances and the value of big-ticket purchases. That includes the value of a traditional college degree.
As the coronavirus pandemic swept the globe, 91% of all students worldwide saw their schools closed, according to UNESCO. In many cases classes continued virtually, putting an unexpected spotlight on online learning.
Online learning platform Coursera, valued at $1.6 billion, is among those capitalizing on the paradigm shift and massive adoption. Since mid-March the company has had more than 25 million enrollments, a 520% increase from the same period last year.
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