Universities are creating competency-based degree programs

Some colleges and universities are hoping to lower costs and help save students time by awarding degrees based on competency, rather than seat time or credit hours. A competency-based degree program is set to begin at the University of Wisconsin in January, while others are in place at schools such as Northern Arizona University and the College for America, an online arm of Southern New Hampshire University. However, some critics of the model say it could serve to further divide students along socioeconomic lines and could undermine the overall value of a college degree.

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