Higher education bubble bursting

Georgia Tech Takes MOOCs to the Next Level | Via Meadia:

Georgia Tech is going to offer a full graduate program in computer science for up to 10,000 students for only $7,000 each through MOOCs - Massively Open Online Courses, the internet, in other words. 

At $7,000 per student and with these kinds of enrollment numbers, this may be not just a boon for students but a good way of significantly widening Georgia Tech’s student base: 10,000 is a lot of students, and the open nature of MOOCs makes it relatively simple to scale up without dramatically expanding staff or administrative costs.

It's unclear from the article whether the 10,000-student figure is the maximum number per entering class or the maximum number that will be enrolled overall. Still, it's $70 million for the university with very little added overhead. That increases total student enrollment by almost 50 percent.

And of course, that's another 10,000 graduates added to the alumni-donor base. I wonder when other universities will figure that out.