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Heard about this on NPR, a "new" college concept - credit for knowledge, not for seat time.

Established in 2012, CfA received a prestigious Educause/Bill and Melinda Gates Foundation grant, designed to dismantle and rebuild higher education for a demanding global future...
By building competencies rather than credits and reducing the cost burden, the College for America breaks down the barriers to college-level education for millions and is poised help put America back in its position of global leadership...
College for America, which opened its virtual doors in January and broke ground this month when the Education Department deemed it eligible for federal financial aid, awards college credit through direct assessment rather than grades.

Students, working on their own schedule and at their own pace, practice various skills until they can show mastery of 120 competencies, such as the ability to negotiate and distinguish fact from opinion.

"There's no grade inflation and no sliding by," says Southern New Hampshire State University President Paul LeBlanc, who came up with the concept in 2011. College for America, which operates as a division of the university, hopes to award its first associate's degree in September. Annual tuition is $2,500; published tuition and fees for two-year colleges averaged $3,131, according to the College Board.

Northern Arizona University and the University of Wisconsin System also are experimenting with similar competency-based courses and programs as part of a pilot project.

There is growing momentum to change the way education is delivered and measured. We are like a rotary phone, moving fast towards a smart phone, faster than anyone will have thought looking back in 15 years.
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