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Media Money with Julia Boorstin

Education start-ups are exploding

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At the Education Nation summit over the past few days a recurring theme has been how new tech tools can improve education and tackle soaring costs. A relatively new category of "EdTech" start-up looks to use technology to make education more effective and accessible to hundreds of millions of people.

"Anyone in the world should be able to take high-quality courses, whether at the college or high school level," said Anant Agarwal, the president of nonprofit EdX, which makes college courses available online. "They should be able to take it freely, maybe pay a small amount to get a credential."