The cost of hosting exams in a rented place has to come from someplace. I was thinking more in the line of having a "structured" course, with syllabus, study materials, quiz/test and even free e-books. Not bits and pieces of video and texts randomly sprinkled all over the web.
The idea is to be an actual replacement of a brick and mortar college where anyone can give an exam anytime they want when they feel ready, instead of being forced to go through months of "learning". If you fail a course exam, you can give the exam again next week (albiet different questionnaires).
Other ideas:
- FAQ sections where students can send in questions on each course which can be answered in the form of video/text. Have enough of those over time and it replaces the need to have one-on-one interactions with instructors with questions.
- Add social aspect to the "online school" where students can see if there are others in his area studying or have passed the same course that he/she can meet up for a study group.
- Online forums, Chat (moderated) on each courses with instant feedback.
- Let companies/individuals/employer "sponsor" each course/major. Lets say each exam costs $100-$200, Google/MS can give away 100 free exams to encourage people to study computer science.
- All materials is open for everyone to see, read, study, participate. Students only pay for exams.
Just brainstorming.... We can dream, right? :)