Skip to main content
Commentary Education

From postcards to programmes: how online learning has grown

DSC08229
virtual learning education large

Would you believe me if I said the first recorded example of distance learning was in 1728? Caleb Phillips, a Boston-based professor, advertised shorthand lessons in a newspaper available to anyone in the US. He promised that students would be "as perfectly instructed as those that live in Boston," only with lessons sent weekly by post. Unsurprisingly, this early attempt didn’t catch on due to the rudimentary postal system of the time. Philips did, however, inspire others, with postcard learning being quite the hit in the 19th century.

Fast forward to today and those early efforts at distance learning pale in comparison to the e-learning revolution spurred by COVID-19. We've leapfrogged into an era of online and distance learning, where classrooms are virtual, schedules are flexible, and the biggest troublemaker is the occasional Wi-Fi glitch.

In one of our earlier articles, Seb Beloe wrote about the observed relationship between lower unemployment rates and attaining higher levels of education. The results were indisputable. However, many challenges block the path to higher levels of education - the time burden, and financial burden are arguably the biggest barriers.

Does virtual learning help?

Online learning is often completed in the comfort of the student’s home, at their own pace and according to their preference. A form of self-motivated learning that appeals to certain individuals more than others. It's really the flexibility of this offering that is unmatched to traditional in-person learning. When personal and professional responsibilities take precedence, access to higher education can be reduced to none. Virtual learning is an inclusive alternative that gives students autonomy to choose when and how they study while maintaining a comprehensive curriculum.

Studies1 show that students often do better in online classes compared to traditional ones. Students typically retain up to 60% of what they learn online, compared to just 10% in traditional settings, and cutting study time almost in half2. This is especially true for adult learners and those in higher education, where time management and self-directed learning are routine.

Feeling screen fatigue

Engagement has been more of a topic for debate. In-person classes often buzz with dynamic interactions and palpable energy3, with a physical presence boosting motivation and participation. Virtual learning, on the other hand, can sometimes feel quite isolating.

The problem with online learning is if it is carried out in the same way as traditional learning. Screen fatigue is a real thing—listening to a virtual lecture isn’t always as captivating as seeing it in person.

What’s exciting about e-learning platforms is the ability to incorporate interactive elements like quizzes, virtual reality, and gamification (using game design in non-game contexts). These tools make learning not just a task, but an immersive experience. An Oxford College survey4 found that nearly half of online students believe that the inclusion of virtual reality would significantly enhance their learning experience. When done right, online education can be as captivating as it is convenient.

Where WHEB see opportunities

Our research into the positive impact of education has revealed that many more educational institutions are advertising virtual learning capacity and are pioneering new ways to make education accessible.

Grand Canyon Education (GCU), held in the WHEB portfolios under our Education theme, offers a variety of tertiary educational services to universities and institutions. GCU offers both in-person and online equivalent courses, rooted in the understanding that students have diverse learning needs. This has led to some impressive enrolment statistics – on average, 80%5 of GCU students enrol in an online course each year, with total enrolment growing around 7% each year over the last decade.

GCU highlights another perk of online learning - the financial benefit. Online students save about 30% on tuition fees compared to their on-campus peers6, with further reductions when accounting for travel costs, presenting a more cost-effective alternative.

Looking through an institutional lens, 42%7 of education organisations experienced an increase in income after introducing e-learning, as higher operational costs were avoided, making it a viable option for many educational institutions.

For some education providers, online learning is still in its infancy. For these providers, fees may remain elevated as digital infrastructure and the curriculum is developed with specialist staff. As these offerings mature, costs will typically come down.

Environmental impact

One of the lesser-discussed advantages of online education is its positive environmental impact.

Traditional bricks-and-mortar schools consume vast amounts of resources, including water, electricity, and paper, resulting in excessive energy consumption and a higher carbon footprint. Older buildings, not designed to modern low-carbon standards, can generate around 100kg of CO2e per classroom per semester8.

Virtual learning slashes these demands. The Open University reported that e-learning reduces energy consumption by 90% and total emissions by 85% per student compared to traditional class9. This reduction is a consequence of requiring less physical space and resources, as well as eliminating transport to and from the institution. While home-based learning still uses power and heating, it only generates 5kg of CO2e per online classroom per semester10, making it a far greener choice.

How does it weigh up?

There are certainly challenges presented with the online learning model; its recent acceleration has highlighted both its potential and pitfalls. The flexibility and accessibility of online education are game-changers, allowing students to learn at their own pace from anywhere. However, engagement, screen fatigue, and the digital divide highlight the need for continuous innovation and inclusive policies.

We’ve come a long way from postcard classes. The next generation may see virtual reality and augmented reality learning as the new norm, but for now, online learning is a vital tool in bridging the global skills gap by making higher education more accessible to all.

 

 

Sign up here to receive our monthly and quarterly commentaries in your inbox.

 

 

 


https://www.researchgate.net/publication/360697318_The_Impact_of_Online_Learning_Strategies_on_Students'_Academic_Performance/link/63e676356425237563a27114/download?_tp=eyJjb250ZXh0Ijp7ImZpcnN0UGFnZSI6InB1YmxpY2F0aW9uIiwicGFnZSI6InB1YmxpY2F0aW9uIn19
2 https://www.ucf.edu/online/leadership-management/news/why-the-future-of-learning-is-digital-and-for-everyone/
3 https://www.eschoolnews.com/innovative-teaching/2024/04/05/online-learning-vs-classroom-learning-research/
4 https://www.oxfordcollege.ac/news/online-education-statistics/
5 https://www.collegetuitioncompare.com/trends/grand-canyon-university/student-population/
6 https://www.gcu.edu/tuition/cost-attendance
7 https://radixweb.com/blog/top-elearning-statistics
8 https://www.nepic.co.uk/blog/memberposts/remote-learning-during-covid-and-the-environmental-benefits/
9 https://www.open.edu/openlearn/nature-environment/the-environmental-impact-teaching-and-learning/content-section-5.1
10 https://www.nepic.co.uk/blog/memberposts/remote-learning-during-covid-and-the-environmental-benefits/

Related

Important Notices:
Risks include: the price of shares (“Shares”) in FP WHEB Sustainability Impact Fund, WHEB Sustainable Impact Fund or WHEB Environmental Impact Fund may increase or decrease and you may not get back the amount originally invested, for reasons including adverse market and foreign exchange rate movements. Past performance does not predict future returns. The Fund invests in equities and is exposed to price fluctuations in the equity markets, and focuses on investments in mid-sized companies in certain sectors so its performance may not correlate closely with the MSCI World Index (the benchmark). For full risks, please see fund prospectus on www.whebgroup.com

 

General: This information, its contents and any related communication (altogether, the “Information”) is issued by WHEB Asset Management LLP (“WHEB Asset Management”). It is intended for information purposes only and does not constitute or form part of any offer or invitation to buy or sell any security including any shares in the FP WHEB Sustainability Impact Fund or WHEB Sustainable Impact Fund, including in the United States. It should not be relied upon to make an investment decision in relation to Shares in the FP WHEB Sustainability Impact Fund or WHEB Sustainable Impact Fund or otherwise; any such investment decision should be made only on the basis of the Fund scheme documents and appropriate professional advice. This Information does not constitute advice of any kind, investment research or a research recommendation, is in summary form and is subject to change without notice. The performance shown does not take account of any commissions and costs charged when subscribing to and redeeming shares. WHEB Asset Management has exercised reasonable care in preparing this Information including using reliable sources, however, makes no representation or warranty relating to its accuracy, reliability or completeness or whether any future event may or may not occur. This Information is only made available to recipients who may lawfully receive it in accordance with applicable laws, regulations and rules and binding guidance of regulators. WHEB Asset Management LLP is registered in England and Wales with number OC 341489 and has its registered office at 7 Cavendish Square, London, W1G 0PE. WHEB Asset Management LLP is authorised and regulated by the Financial Conduct Authority with Firm Reference Number 496413.

 

FP WHEB Sustainability Impact Fund

FundRock Partners Limited (formerly Fund Partners Limited) is the Authorised Corporate Director of the Fund and is authorised and regulated by the Financial Conduct Authority with Firm Reference Number 469278 and has its registered office at 6th Floor Bastion House, 140 London Wall, London, EC2Y 5DN. The state of the origin of the Fund is England and Wales. The Representative in Switzerland is ACOLIN Fund Services AG, Leutschenbachstrasse 50, CH-8050 Zurich, whilst the Paying Agent is NPB Neue Privat Bank AG, Limmatquai 1/am Bellevue, P.O. Box, 8024 Zurich . The relevant documents such as the prospectus, the key investor information document (KIIDs), the Articles of Association as well as the annual and semi-annual reports may be obtained free of charge from the Representative in Switzerland.

 

WHEB Sustainable Impact Fund

The Manager of the Fund is FundRock Management Company S.A., authorised and regulated by the Luxembourg regulator to act as UCITS management company and has its registered office at 33, rue de Gasperich, L-5826 Hesperange, Grand-Duchy of Luxembourg. The Representative in Switzerland is ACOLIN Fund Services AG, Leutschenbachstrasse 50, CH-8050 Zurich, whilst the Paying Agent is NPB Neue Privat Bank AG, Limmatquai 1/am Bellevue, P.O. Box, 8024 Zurich. The relevant documents such as the prospectus, the key investor information document (KIIDs), the Articles of Association as well as the annual and semi-annual reports may be obtained free of charge from the representative in Switzerland. The state of the origin of the Fund is Ireland. The Fund is registered for distribution to professional investors in Austria, France, Germany, Italy, Luxembourg, Norway, Singapore, Sweden and the United Kingdom, and is registered for offering to retail investors in Switzerland, Denmark and the Netherlands. The Fund is also available for professional investors in Belgium and Hong Kong. It is not available to investors domiciled in the United States.

 

WHEB Environmental Impact Fund

The Manager of the Fund is FundRock Management Company S.A., authorised and regulated by the Luxembourg regulator to act as UCITS management company and has its registered office at 33, rue de Gasperich, L-5826 Hesperange, Grand-Duchy of Luxembourg. The Fund is registered for distribution to professional investors in the United Kingdom. It is not available to investors domiciled in the United States.

 

The MSCI information may only be used for your internal use, may not be reproduced or re-dissseminated in any form and may not be used as a basis for or a component of any financial instruments or products or indices. None of the MSCI information is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. Historical data and analysis should not be taken as an indication or guarantee of any future performance analysis, forecast or prediction. The MSCI information is provided on an “as is” basis and the user of this information assumes the entire risk of any use made of this information. MSCI, each of its affiliates and each other person involved in or related to compiling, computing or creating any MSCI information (collectively, the “MSCI Parties”) expressly disclaims all warranties (including, without limitation, any warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose) with respect to this information. Without limiting any of the foregoing, in no event shall any MSCI Party have any liability for any direct, indirect, special, incidental, punitive, consequential (including, without limitation, lost profits) or any other damages (www.msci.com).

Sign up to impact fund updates

Sign up below to receive email updates on our impact investment funds.
{{ errors[0] }}
{{ errors[0] }}
{{ errors[0] }}
{{ errors[0] }}
{{ errors[0] }}
{{ errors[0] }}
Authorised and regulated by the Financial Conduct Authority Copyright 2024© WHEB. All rights reserved Made by Thursday