The first all-MOOC graduate degree will be launched in Spring 2016 with an inaugural pilot cohort of 200 students. Applications are open as of this June.
The University of Illinois and Coursera announced the launch of iMBA, the first online MBA program to be offered through the MOOC platform and at an affordable price –the cost will be around $20,000, a third of the cost of MBAs from institutions with similar stature.
“This model is unique in offering enormous flexibility and unprecedented affordability, while maintaining the academic standards and rigor of a top degree program,” President of Coursera.com Daphne Koller wrote in a blog post.
Other top schools are expected to follow this initiative.