Online Education Trust

Education trust

“Millennials understand that the future of education is online and since they were brought up with the internet, they are prepared for that change. Education should not be a one size fits all model because everyone learns differently.”

Dan Schawbel, founder of Millennial Branding & author of Promote Yourself: The New Rules For Career Success

The internet completely changed the world as we knew it. It could be considered one of the most disruptive innovations since the invention of the personal computer. The internet connected people all around the globe and revolutionized how people communicate, purchase goods and services and even how to find a spouse or partner. The internet is also very rapidly revolutionizing one of the most fundamental aspects of modern life: education.

Online education is replacing traditional colleges and universities at a mind-boggling pace. This latest disruptive innovation will change education in ways we cannot even begin to imagine.

The UNO Online Education Trust seeks growth by investing in opportunities poised to help lead the revolution in how people learn.
 

Education Is Going The Way of Retail
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Just as the internet is replacing “brick and mortar” malls for retailers and shoppers, it is rapidly replacing “brick and mortar” educational institutions for students. With today’s disruptive technologies, students can access the same materials without having to be physically present in a classroom. This obviates educational institutions of the need for substantial infrastructure, hence, lowering costs of an education.

The internet offers a way for people around the globe to receive an education via the internet. All one needs is access to a personal computer with internet access or just a mobile device. And there is really no limit to the type of education that can be provided online: everything from corporate training at large multinational companies to high school diplomas and college degrees.

Distance learning is not new. High schools and colleges offered distance learning even back in the early 1990s. But there were many limitations including the inability to see ones teacher and what he/she is writing on the board as it was all done by voice recordings. This has been replaced by digital camera technology that brought high quality cameras to laptops and mobile devices. In addition, new software technologies are being developed that even allow students to ask and answer questions online in real time.

With the rapid evolution of data storage technology, it is now commonplace to store courses in digital format, allowing a person to replay parts of a lecture to better understand and learn from it. This is a real benefit over traditional education systems that select a single pace of lecturing, one that ends up being too fast for some and too slow for others. Online education will allow for a more customized teaching approach to suit the needs of each individual. This new revolution in learning even allows a person to learn while on the go, giving people tremendous flexibility to help them better manage their time. Time normally wasted commuting on a train, bus or airplane can be transformed into a learning opportunity. The possibilities truly are endless and things are changing much faster than anyone imagined. There has never been a better time to invest in online education. This is proving to be a growth curve rivaling any technological revolution we have seen in the last hundred years.
 

Online Education Isn’t New, It’s Just That It’s Exploding Now

The first “virtual classroom” was held in the 1960s at the University of Illinois when scientists created a classroom based on linked computer terminals. Computer assisted learning developed in the following decade and in the 1980s we saw the emergence of the first online only courses. It wasn’t until the mid to late 1990s that it became possible to earn a degree without having to have a professor physically present in the classroom. The University of Phoenix began offering full academic degree programs online.

Fast forward to 2010, when over 6 million students took at least one course exclusively online. Two online education providers Coursera and Udacity helped kick start the online education revolution by offering free online courses from top universities and they are growing fast. In fact, the founder of Coursera, Andrew NG, says their online student population is “growing faster than Facebook”.

One of the keys to the explosive growth is the “freemium” model, offering courses for free while building a large community.
 

Universities Are Quickly Jumping on Board

For well over a decade, traditional colleges and universities resisted giving credit for their online courses. Massachusetts Institute of Technology (MIT) offered 50 free online courses as a “proof of concept” of online education with their OpenCourseWare project which amassed an astounding 125 million lifetime visitors. Everything changed in January 2013 when the California State University system piloted online courses for college credit at the very low cost of USD 150 per course. This was just weeks after the American Council on Education, a consortium of over 1800 accredited universities, announced it was going to pilot low cost online science courses at three more universities. The University of Wisconsin is now offering a fully accredited college degree without any time required in a classroom. This enables a student to receive a college degree from anywhere in the world.

There are many reasons to believe that online education will be the future of learning. Students have grown accustomed to using laptops as the key learning tool. They are becoming more ubiquitous in classrooms around the world. Another recent innovation that could help transform the learning experience is the explanatory video medium as used by Simple Show (www.simpleshow.com).

This unique way of visualizing information that is presented replaces and revolutionizes the traditional blackboard in that topics are easier to understand and learning materials are made more interesting, which in turn keeps the students engaged.

Young children, even toddlers, are being exposed to computing devices such as iPads, laptops and mobile devices. They are using technologies that have more computing power than the most expensive super computers in the world just 20 years ago. While the thought of attending a class solely from a computer might sound shocking to older generations, kids today have grown up with these technologies and fully embrace them. They view online education as simply an alternative way of learning and for some, in certain parts of the world, it is the only way. We are talking about the growth of an industry on a scale like we have never seen it before. Even education experts are struggling to predict the impact this revolution will have on our world, when everyone will have access to education at the tip of their fingers.

The UNO Online Education Trust will give investors excellent returns while offering a simple way to invest in the technologies that will revolutionize education as we know it, making it as accessible as possible for every young person, independent of location, wealth and origin.

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