A round of price-cutting has broken out in the market for high-priced masters degrees with four Australian universities offering students a pathway to complete part of the degree online at a steep discount, writes Tim Dodd for the Financial Review.
In a sign of digital disruption hitting higher education, the University of Queensland, the Australian National University, the University of Adelaide and Curtin University are offering students the chance to do a quarter of a full masters degree at low cost through US-based massive open online course, or MOOC, provider edX which gives them a new credential called a MicroMasters. Students can then complete the degree at the regular cost, giving them at least a 20% discount overall.
Under the four universities' existing fee schedules, a quarter of a masters degree costs AU$10,000-AU$13,000 (US$7,700-US$10,000) but this falls to only AU$1,000-AU$1,500 when done through edX, a consortium founded by Harvard University and Massachusetts Institute of Technology, or MIT, in 2012. The four Australian universities are among 22 around the world including MIT and Columbia that are using edX to offer a low-price route to a masters degree.
Full report on the Financial Review site
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