Massive open online courses, or MOOCs, could be the wave of the future for colleges and universities, but the University of Virginia is approaching the trend with caution, reports the Richmond Times-Dispatch.

UVa is one of about 100 universities worldwide offering online courses - offered to an unlimited number of students anywhere in the world - through MOOC company Coursera. For now, most of these classes are not for college credit, but some institutions are experimenting with MOOCs that could count toward a degree.

Georgia Tech has taken it a step further, offering an entire degree program using the...

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