Fascinating stuff from Salman Khan … My View: The future of credentials:
Let’s try a simple thought experiment: What if we were to separate the teaching and credentialing roles of universities? What would happen if regardless of where (or whether) you went to college, you could take rigorous, internationally recognized assessments that measured your understanding and proficiency in various fields – anything from art history to software engineering.
With our hypothetical assessments - microcredentials, if you will - people could prove that they know just as much in a specific domain as those with an exclusive diploma. Even more, they wouldn’t have had to go into debt and attend university to prove it. They could prepare through textbooks, the Khan Academy or life experience. Because even name-brand diplomas give employers limited information, it would be a way for elite college graduates to differentiate themselves from their peers, to show that they have retained deep, useful knowledge.
In short, it would make the credential that most students and parents need cheaper (since it is an assessment that is not predicated on seat time in lecture halls) and more powerful - it would tell employers who is best ready to contribute at their organizations based on metrics that they find important. College would become optional even for students pursuing prestigious and selective career tracks.
Think about the implications.