It’s nearly impossible to get into MIT, very expensive to enroll there, and exceedingly hard to graduate, which are some of the reasons why MIT degrees are so coveted, Slate reports.
But very soon you’ll be able to take a series of online courses in computer science and earn an official certificate from one of the most prestigious engineering schools in the world, all for only a few hundred dollars—and without having to meet any admissions requirements.
MIT will be launching these XSeries Certificate programs in the next few months, including one in “supply chain management.”
MIT, in a press release, says the new programs are part of its effort to “reimagine the building blocks” of education as universities begin to deliver more of their content digitally.
Yet the program is also part of something much larger: the beginning of the unbundling of the American university. Much in the way that 12-song albums gave way to 99-cent iTunes purchases, universities are now under pressure to offer more ways to slice off smaller bits of education.
Degrees, the currency of higher education, have traditionally been traded in large denominations: four-year bachelor’s degree, two-year master’s degree, five-year (or much more) Ph.D. But a variety of forces, from skyrocketing tuition to the proliferation of online classes, are now compelling universities to rethink that approach.
High fees are keeping many would-be students from enrolling in conventional degree programs, while universities are under pressure to unlock new revenues.