Take Harvard, MIT Classes for Free

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August 30 (Bloomberg) -- Anant Agarwal, President of Edx, discusses online course offerings from prestigious universities and the ability to monetize the space. He speaks on Bloomberg Television's “In The Loop.” (Source: Bloomberg)

How much would you pay to take a class at harvard or m.i.t.? you can take hundreds of courses taught at many of the top universities free.

It is the online partnership brings clauses from the best schools to anybody with an internet connection anywhere in the world at no cost.

It was launched by m.i.t. and harvard, it offers the courses of many other schools in the u.s. including china, japan, australia, and other countries.

The president and prof.

Of joins us now.

It is great to have you with us.

Everyone who reads about this initiative does a double take.

They ask how you can put the classes online for free.

How do you do it?

We have an investment from our founding partners, m.i.t. and harvard.

We also have contributions from our university partners including the university of texas in austin and others around the world.

We make the class is available all around the world.

We have been pilot in different approaches to make ourselves self-sustaining.

We are nonprofit have to be self-sustaining.

There are a number of avenues we are exploring.

As an example, someone can take a course for free.

If they would like to get a certificate, in the future, we will begin charging for the certificate.

A second example is a number of businesses and corporations are working with edx to offer high- quality courses to their employees.

They pay a fee to do so.

We're able to license our courses to other universities where the professors want to use these courses as a new textbook.

There is a fee for that.

There are a number of sources of revenue we are looking at.

Harvey's harvard class is taught by a harvard professor?

These courses are rigorous.

We all worked hard to make the forces of progress has their campus counterparts.

I taught a course in circuits and electronics.

I can say without hesitation the course is as rigorous as the campus course i taught at m.i.t. all of the professors try hard to create high-quality, rigorous courses on our platform.

Are they college credits?

When a student takes a course, they get a certificate at the end saying they passed.

At the end of the day, it is up to our university partners and others to determine how they want to give credit for those courses on their campus.

It is not up to us.

A number of universities and even high schools have been given credit for these courses on their campuses.

I think as time goes along and they learn more about the system, you will see more of that happening.

Thank you for joining us.

Get your college causes for free.

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