How 20 Million Minds Uses Tech to Disrupt Education
From the excessive cost of textbooks, limited seat availability, dwindling graduation rates, and the alarming rate of defaults on student loans, it’s blindingly clear that our higher education system is broken and only getting worse.
The status quo is rife with needless barriers that prevent students from becoming masters of their own futures. In California alone, we have a backlog of over 500,000 students waiting for English 1 or Algebra 1, the very courses necessary for them to move forward with their education.
In addition, one in four students fails to complete post-secondary education, and among those students, 60 percent cite the cost of “textbooks and fees beyond tuition” as a factor in their decision to withdraw. Meanwhile, five conglomerates control 80% of textbook production, which is a $20 billion dollar a year industry.