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This is an interesting article, particularly because it reinforces how important it will be for high-risk institutions not to create generic products that typically compete on price with other similarly generic products. I also like the discussion of accreditation and the move from inputs (e.g., number of faculty) to a focus on outputs (e.g., competency-based outcomes) which could lead to changes in accreditation standards. The US seems to be at the forefront of these developments perhaps in response to the student loan debt crisis, and Barack Obama's reference to an alternative system of accreditation in his State of the Union address.

Lloyd comments: thanks, Ashley for the good comments. Europe has been very instrumental in focusing attention worldwide on competency based outcomes through the Bologna Process. As usual, the US is following a less centralized process, but we may all end up at the same point.

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