By Daniel de Vise

Excelsior College has rolled out a program that guarantees a bachelor’s degree for $10,000. Excelsior is a nonprofit college in Albany that specializes in helping students finish their degrees by cobbling together past credits, online coursework and course-credit exams. Here’s how it works: Excelsior specializes in credit-by-examination: students complete coursework and then sit for an Excelsior College Examination that measures their knowledge in the subject, similar to the College Board’s College Level Exam Program. College president John Ebersole notes that the free online courses come from the likes of MIT via the “open courseware” movement. “This puts to lie the whole idea that you can’t have low price and high quality,” he said. “The quality is coming from Yale and MIT and Notre Dame and Berkeley.”

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