Advances in technology have led to an increase in virtual education. Though the industry is attracting significant investment and more schools are offering hybrid or online classes, teachers unions may ultimately slow the growth of technology in education, says Katherine Mangu-Ward, managing editor of Reason Magazine.
Education technology firms attracted $1.1 billion in venture capital in 2012, which is more than 10 times what the industry was attracting in 2002.
Virtual education, like hybrid learning which sends kids to school to be instructed by a computer, has not become as popular in K-12 as it has at the university level.
Universities are now offering Massive Open Online Course and other virtual alternatives that cut the cost of earning a college degree significantly.