Skip to main content
Wish there were more hours in the day? Distance learning can maximize time and earning potential

Wish there were more hours in the day? Distance learning can maximize time and earning potential

Doesn’t it always seem like there aren’t enough hours in the day?  How can we possibly fit it all in?  The same is true for young people in Latin America and the Caribbean - especially those in lower income or vulnerable communities. For the high school graduates, many aren’t able to go directly to university for financial, family or other reasons.  For example, Estacio, a large private university in Brazil, estimates that  approximately 40% of high school graduates in Brazil go directly to university.  Many others start a job, or a family or both.
KRISTIN DACEY
JANUARY 14 2014

Wish there were more hours in the day? Distance learning can maximize time and earning potential

The high rates of return on investment to students in higher education is an expected wage increase between 1.5 - 2.5x. 

Blog_distancelearning2

According to an IDB study, the returns on investing in one year of higher education (measured as the income differential between people with higher education and those with secondary education) is greater than the differential obtained from completing one year of primary school or one year of secondary school. One year of higher education generates an increase in expected personal income of 17% while the figures for primary and secondary education are 7.4% and 9.5%, respectively. That is to say, higher education investments make business sense for private investors as well as governments. In addition to improving average income, individuals with a higher education degree are more likely to be employed in formal sector jobs.

However, there is the concern of “garage courses” or poor quality on-line degrees that could waste money without yielding results.  Most accredited universities that offer distance learning components have accreditation quality standards to cover such components.  Many country-level regulators also review courses.

Knowing this might motivate young adults to think or prioritize differently. However, for those with few means, living close to campus and/or being a full-time student is not an option. Long, difficult commutes, the demands of balancing work and school or the demands of studying as a parent are intense.  Distance learning has helped bridge this gap and allows students to get a degree while managing life.  Many universities are incorporating online components into classes or offering portions or all of classes virtually.  Students can now work on teams remotely, saving time and money in commuting. Students have more flexibility with distance learning components to balance work and study as well as family needs.

Do you know of any strong distance learning programs? Do you think distance learning offers more benefits than risks? As the IDB Group private sector contemplates supporting such quality higher educations models, what your thoughts?

AUTHORS

Financial Institutions

Related Posts

  • Banner

    First Sustainable Bond in Central America, A Regional Trailblazer

    Banco Promerica Costa Rica's first sustainable bond issue in Central America paves the way for the region's financial sector to align itself with the latest trends in international finance and refine the environmental and social impact assessment of its operations.

    Read more
  • Banner

    How the Way Was Paved for Sustainable Investment in Latin America and the Caribbean

    Latin America and the Caribbean is experiencing an expansion in sustainable investment, greater interest by investors, a wider range of products, and a public sector that is encouraging this investment.

    Read more
  • Banner

    How to Support SMEs Joining Global Trade and Value Chains

    The incorporation of emerging market SMEs into global trade and value chains brings important benefits and opportunities for the economic development of countries and companies.

    Read more