In my experience learning online is way more effective and efficient.
Why it is not the default option for universities?
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Universities have a ton of infrastructure (dorms, admin buildings, classroom buildings, etc.) that can’t sit empty and powered down.
True, but it still surprises me that a lot of universities have enrollment caps. If you want to be present for a live lecture, in-person or telecast, then you should pay a premium. Otherwise you should be able to take online courses in the style of Udemy and sit in for proctored exams.