slew writes "In the shadow of Stanford and Harvard offering free on-line courses, The University of California has been attempting to offer pay-courses for credit. UC online took out a $6.9M loan from UC and spent $4.3M to market these courses. For their efforts, they've been able to quadruple their enrollment year over year.
The first year results: one person paid $1,400 for an online calculus class worth 4 credits. Now 4 people are signed up. Me thinks head will roll on this one..."
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