Capella Education gains U.S. approval for self-paced degree track

Capella Education Co. unveiled a new style of self-paced online education that it said could save time and money for students, and allow them to get degrees faster, the Star Tribune reports. On Monday, the U.S. Department of Education approved Capella’s FlexPath degree track, which is based on self-learning and demonstrated competency rather than on time in class or credit hours. The company submitted the program for review after the department in March notified educational institutions of its interest in promoting what has become known as “competency-based” education. As a result, the Minneapolis-based company’s main service, called Capella University, will begin in October to offer FlexPath options for two of the 47 college degrees it offers, the bachelor of science in business and the master of business administration, or MBA.

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