Massive open online courses don't have a business model, but they can still help universities advance their missions, Ryan Craig argues. But it will take different kinds of courses led by different sorts of professors.
Cooperative education is now more than 100 years old. The co-op approach, in which students alternate time in the classroom with professionally paid work directly related to their majors, was founded at the University of Cincinnati by Dean Herman Schneider in 1906. There are co-op programs today at 500 institutions in the United States.