This Online School Could Transform the Way Latin Americans Learn English

Going to school doesn’t have to entail boring lectures and multiple choice tests. In fact, using humor can be a great way for people to learn.
In the 30 second clip below, a man follows a beautiful woman on the beach. He, with his dark eyes and chiseled features, stares at the woman and tells her seductively, “Persueychon.” No response. He repeats “Persueychon” again and again. Finally, she asks him, “Did you mean, ‘Persuasion?'”
The ad is one of the many humorous videos from Open English, a 24/7 online platform that teaches Latin speakers how to speak English fluently. The online school, which has its headquarters in Miami, launched in 2008 and has already amassed 100,000 students worldwide — including 5,000 in America. While there is already a sea of computer-based language classes such as Rosetta Stone and Babbel, Open English just focuses on one language: English. It’s also more affordable than other programs. For about $80 a month, Open English students listen in on live lectures in small classrooms with native English speakers around the clock.
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“We wanted to create something that was monthly and cheap and allowed you to get started,” Open English CEO Andres Moreno said in an interview with the Wall Street Journal. “That has been the niche Open English has filled.”
The school has certainly cornered the market — especially since it’s been pegged as something that could help Latin Americans step up the career ladder.  The Journal reports that Open English is now valued at $350 million after recently raising $120 million in venture capital. Investors apparently saw the potential of an increasingly tech-savvy Latin American middle class.
According to Education News, half of Latin Americans (around 300 million people) use the Internet. And in the past year, there has been a 17 percent increase of Internet-use within that population.
“The demographics are there,” Cate Ambrose, president of the Latin American Private Equity & Venture Capital Association told the WSJ. “You have a growing middle class and a young demographic with a climbing increase in the consumption of technology.”
If this creates more Latin American success stories, we are all for it.
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This Could Be the Greatest Business School Hack Ever

What happens when you want to get an MBA education but you don’t have the money, time, or access? For Laurie Pickard, a Rwanda-based USAID worker, her answer was to go online. Thanks to Massive Open Online Courses (MOOCs) the 32-year-old is taking business classes from Harvard, Wharton, and Yale and other elite schools, Poets&Quants reports. Because these classes are free or low-cost, she’s able to do this for a paltry $1000 — all while stationed abroad. According to the report, “If successful, she’ll arguably be the first person in the world to cobble together an MBA program from MOOCs.” Pickard plans to complete 16 courses over two to three years. Although she’s not sitting in an actual classroom or receiving a degree from the institutions, Pickard is saving a fortune. She wrote on her blog, “While I would like to have an MBA, I don’t want to walk away from the experience with $150,000 in debt, thank you very much.”
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