The promise of educational attainment through Massive Online Only Courses (or MOOCs, as they are called) is proving to be illusive.

You may or may not learn enough in a MOOC to make you more worthwhile to an employer or potential employer, but the chances are very, very good that once you have started a MOOC you will not finish it. There are a number of reasons for that: too little reward for too much time; too many distractions; too much baloney that’s not on point; and doubts about what you will have once you’re done.

People who value education for its own sake as well as for what it will  mean to individuals who are competing in today’s world and the world of tomorrow have come up with what they say is a much better alternative: alternative programs that are NOT online only.

Lior Frenkel, writing in the latest issue of Wired magazine, tells, for example, about the efforts of Seth Godin to produce an alt-MBA program. Here is a pertinent paragraph about that:

“The altMBA takes place over the course of one month, during which participants are put through a rigorous curriculum of intensive study and work. Through teamwork, coaching, and tri-weekly online group sessions, each participant has to complete 13 projects in four weeks. The programme emphasises the belief that participants learn most effectively through creating and critiquing one another, rather than by passively attending lectures.”

Now, this sound more right than wrong to me. What do you think?