As McGill considers developing massively online open courses (MOOCs), perhaps we should begin to reflect on how students are graded now and how this will change. With large classes we already have, there are concerns about how well we evaluate student learning and how those outcomes prepare them for their futures. Attached here is an interesting piece which covers the history of the credit hour and how our current methods of assessment are already failing students. Given the diminishing commitment of governments to higher education, perhaps it is not time to expand in this direction. Perhaps it is time to think about how to survive with our missions of teaching, research and service intact.