(Forbes) Georgia Institute of Technology has announced a partnership with Udacity to offer an online Masters Degree in Computer Science for $7,000, down 80% from the existing cost of $40,000 for the on-campus, instructor led program.

Suddenly, masters programs around the country will have to compete with Georgia Tech‘s $7,000 program, and that won’t be easy or fast in coming. The traditionally taught graduate degree in computer science at Georgia Tech is a very well regarded program that is in high demand and has very positive outcomes in terms of jobs and earnings.

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