Effective for the 2014 spring semester, the goal is to offer the nation’s most affordable college degree program. Offering affordable textbooks is a significant contributing factor for the College to achieve its goal of offering a bachelor degree for under $ 5,000. The college tuition is not based on a per-credit model, but rather a competency-based education model. Students pay a low monthly installment of $ 99 a month for undergraduate courses. This low monthly tuition rate does include the costs of textbooks. Excel students work at their own pace to complete their degree program according to their own schedule.
We see real value and potential to scale affordable and high quality online textbooks for our students. Excel College students can enjoy the benefits of lower tuition costs and improved learning. The College’s flexible learning model allows adult students to work at their own pace, and have control of their education. Students at the college will have access to their online courses whenever and wherever they choose. Rod Clarkson, Excel’s CEO, says “earning a college degree has never been more affordable or convenient”.
Under the initial agreement, Excel College will purchase 1,000 seat licenses to Flat World’s course to serve their current online student base. This agreement significantly lowers tuition cost by approximately 50%. This cost reduction makes a college education affordable for those who would not otherwise consider pursuing a college degree. The unemployment rate for those with a college degree is about half that of those who do not have a college education. College degree holders tend to be more employable and make higher income than their counterparts without a degree.
Flat World Knowledge will provide Excel College students with digital textbooks and study aids for such courses as introduction to business, financial accounting, business law and introduction to psychology. Flat World’s content is licensed by the college for every student, which means the digital files don’t expire and students are free to move their e-texts from device to device.
The high cost of education has become a significant program for tens of thousands of students around the U.S. Many college students and graduates are struggling with staggering student loan debt, and are finding it difficult to make the high monthly payments to repay their college loans. Excel College strives to offer an affordable option for students to graduate from college debt free. The partnership with Flat World Knowledge will help to keep tuition costs low for all Excel College students.
A big advantage of the seat license model is that all students have access to their course materials on the first day of class. They can download the digital files onto any computer, laptop, tablet or smartphone. Alternatively, print books are also available for students to purchase through Flat World’s website.
To learn more, visit: flatworldpartnerships.com