With the advancement of the internet, it is becoming easier and easier to gain access to knowledge. Khanacademy and MIT open courseware are both examples of this. Within the next few decades, a college degree will become less and less valuable. Eventually one will not have to have a college education to gain extensive knowledge in an area. The only requirement for degrees will be tests of one’s knowledge in the subject area. However, not all areas of education will evolve like this. Schools such as business schools, graduate schools and trade schools are likely to remain in tact. This is due to the fact that these faculties require hands on training. For instance, a business school does not simply give the student applicable knowledge when it comes to accounting or finance. It builds public speaking and persuasive skills. Skills that can only be required by practice and not just memorizing a formula. Therefore, it is likely that the While there is likely to be a fee for the tests, education will be much easier to obtain and will not cost a small fortune.

MIT open courseware: http://ocw.mit.edu/index.htm

Khanacademy: https://www.youtube.com/user/khanacademy?blend=1&ob=4