NOT BUSINESS AS USUAL: University of the People, a nonprofit online college founded in 2009, has announced an accredited MBA program that will not charge students tuition, according to a press release. The university will accept 100 applicants into the first MBA cohort, which still start in September 2016, and plans to expand the program in the future.
Although there are no tuition or textbook fees, there is a $200 end of course assessment fee, which amounts to $2,400 over the degree's six terms. NYU Stern School of Business Professor Russell Winer, who teaches marketing, will head the new program as Dean of Business Administration. The university currently offers bachelor's and associate degrees in business administration and computer science, accredited by Distance Education and Accreditation Commission (DEAC), to its student body of roughly 3,000.