Summary of An Ultra-Low-Cost College Degree

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Benjamin Franklin once said, “An investment in knowledge pays the best interest.” As true as this may be, many people worldwide simply can’t afford the high fees that accompany university schooling. Education entrepreneur Shai Reshef is dedicated to severing education’s association with privilege. He created an affordable online university to provide all global citizens with an opportunity for social mobility. getAbstract recommends Reshef’s rousing story to policy makers, education administrators and anyone interested in leveling the playing field.

In this summary, you will learn

  • How higher education fails a significant proportion of people,
  • How University of the People is democratizing access to higher education and
  • How the institution is revolutionizing the delivery of education.

About the Speaker

Education entrepreneur Shai Reshef is the founder of University of the People, a tuition-free online university.



Many people who would like to attend college can’t for a variety of financial and cultural reasons: For example, masses of potential students can’t afford tuition fees, and in many countries, girls are not allowed to enroll in school. Moreover, availability is in short supply: UNESCO says that by 2025, 100 million people who qualify for further education won’t secure places as schools won’t have enough capacity. To address this situation, Shai Reshef examined the current education model, identified what doesn’t work and used the Internet to establish a viable alternative:

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    Guest 4 years ago
    If you want a well paid job that will be sought-after in the future then teach yourself programing. Costs: You need internet access, and a notebook/computer. Total costs: 500 USD per year? All the learning material, software and mentoring and examples can be found for free on youtube/codeacademy/stackoverflow/various other sites. The only thing that's needed is continous dedication on your side.