“Maven should solve the community problem for you”
Takeaway: We associate “education” with “university” when they are not the same thing. The education system is broken and with the speed of innovation, you realistically could spend 4-years on a degree that doesn’t exist or radically transformed into something different. Is this bad? No. It’s the exact opposite – this is amazing for all future students! Let’s start with the fact that based on the research done by Education Data Initiative
Want to see what the courses look like? Here’s a quick landing page of resources I made for you: Maven’s First Courses.
“The average cost of college in the United States is $35,720 per student per year. The cost has tripled in 20 years, with an annual growth rate of 6.8%.”
“Considering student loan interest and loss of income, the ultimate cost of a bachelor’s degree may exceed $400,000.”
The lifetime median return on investment (ROI) for the average bachelor’s degree is 287.7%. In the first 10 years, however, the ROI is -41.1%. Bachelor’s degree holders do not begin to see returns until they’ve worked full-time for 15 years.
The team at Maven is on to something huge with cohort-based courses. They represent a new monetization model for Creators that is powerful for both the Learners and the Instructors.
Here’s how it works:
Maven selects anywhere from 30 to 150 student applicants for courses that cost between $500 to $5,000 per student over a one- to six-week time period.
And since January, its instructors have sold over $1 million worth of courses.