The higher-education industry is changing drastically and that change is good for business — and entrepreneurs.
Colleges and universities are no longer the gatekeeper of information or the only game in town. Instead, numerous new providers are entering the fray, increasing competition for students (customers) and driving down prices. Not only are these new services focusing on traditional students, but they are also gunning for the fastest growing customer market: “adult students.” Already, adults over 25 account for 38 percent of post-secondary enrollments and corporations account for 63 percent of spending on post-secondary training and development, which equates to big opportunities.
Colleges and universities are providing this whole array of students more possibilities, and entrepreneurs are also taking note, with many disrupting the industry.
Looking to get a piece of this ed-tech pie? Here are how entrepreneurs are shaping the education sector.