Archived Weblog Entry - 09/06/2001: "Distance Learning Yet to Hit Home"

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09/06/2001 Archived Entry: "Distance Learning Yet to Hit Home"

In the height of the distance learning boom, software CEO Michael Saylor had an ambitious plan: to use $100 million of his own money to create a free online university with lectures from the world's "geniuses and leaders."

While it might have seemed like a good idea at the time, Saylor's vision for a free virtual education never materialized.

"That kind of thing was never going to happen," said Peter Stokes, executive vice president of Eduventures. "The days of free education are over -%u2013 if they ever really began."