In this article, I assess the cost‐value crisis facing institutions of higher education; as the cost of higher education grows, students grow increasingly skeptical of the value of their degrees. The COVID‐19 pandemic has accelerated this crisis as institutions across the country have been forced to move to a fully or partially online model of instruction. In an effort to reduce costs, institutions have increased the number of low‐paid, part‐time adjunct faculty teaching introductory courses and have promoted the use of free and open online educational resources (OER). Both solutions lack sustainability and do little to solve the “value” question of higher education. I demonstrate how a shared‐cost‐profit model could address both issues of sustainability and value.

中文翻译：

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高等教育教材的成本-收益-利润共享模型

在本文中，我评估了高等教育机构面临的成本－价值危机。随着高等教育成本的增长，学生越来越怀疑学位的价值。随着全国各地的机构被迫转向完全或部分在线教学模式，COVID-19大流行加剧了这一危机。为了降低成本，机构增加了低薪兼职兼职教师入门课程的数量，并促进了免费开放在线教育资源（OER）的使用。两种解决方案都缺乏可持续性，对解决高等教育的“价值”问题无济于事。我演示了共享成本利润模型如何解决可持续性和价值这两个问题。