Masters in Computer Science: $7k or $42k?

Via Instapundit, this story from Associated Press:

The blurring between traditional universities and the new “Massive Open Online Courses” reached new levels Tuesday when Georgia Tech announced it will offer what it termed a first-of-its-kind computer science degree taught entirely over an open online platform.


Georgia Tech will charge about $7,000 for the master’s degree, even though the courses that lead to the degree are available to anyone for free through Udacity, a MOOC platform currently offering 26 courses taught by partners including Georgia Tech.


....Georgia Tech is betting that students will happily pay $7,000 for such a credential, given that the cost of the on-campus computer science master’s, or even the current online version of that degree, runs about three times higher than that for Georgia students, and between six and seven times higher for out-of-state and international students.

Which would you choose?  A masters from Georgia Tech that's online, or one that's in-person? 

Depends on what you want.  But you'd at least consider the 7k option, wouldn't you? 

What does this mean for the K-12 system? 

1. The price of masters degrees in traditional universities will fall.  In all disciplines. 

2. Many Ed Schools have long used a "masters in teaching" as a profit center.  They use the profit to spend on other, less popular Ed School programs that lose money. 

3. Two choices. 

a. Drop price to compete.

b. Create or continue a product that customers "will pay extra for."  That often means "in-person" experiences that online programs cannot easily provide.

4. Where does Match fit in? 

a. Our grad school will increasingly give away our courses for free or low cost amounts as MOOCs and in other ways.  That's because our mission is to help teachers everywhere who happen to like our stuff, not just the few enrolled in our program. 

b. Meanwhile, our Masters In Effective Teaching degree experience features lots of 1:1 coaching from a skilled classroom teacher.  I think demand for that will only increase over time, as classes and knowledge become more of a commodity.