HARDSHIPS IN HUNGARIAN TERTIARY EDUCATION: THE ECONOMIC ROLE OF PRIVATE INTERNAL RATE OF RETURN IN ONLINE EDUCATION

The effects of global crises and the unique Hungarian economic difficulties render more and more hardships for non-full time students of higher education. The aim of this study twofold. It gives insight into how the ICTs are spread among the students of Karoly Robert College between 2006 and 2012 and examines the economic effect of private internal rate of return (IRR) by launching a form of online education in the changing environment of Hungarian tertiary education. In general, the study found that the student population is equipped with the proper up-to-date technology that enables using online education. In addition, with launching online education the students' private IRR may also be increased significantly by reducing the cost of indirect cost. With the technological inventions and applications of the 21st century the Karoly Robert College designs and introduces a new learning environment for non-full time students since 2013.