UNDATED (CNN) -- At a time when student loan debt is sky high, two prestigious universities are trying something that is sure to be easier on your bank account. Harvard and MIT have teamed up to offer free online courses. Starting this fall you could get an Ivy League education for free.
A Harvard or MIT education for free? Yes, all you need is a computer and an internet connection. This fall these institutions have teamed up to provide five free online courses. The classes include engineering and humanities but more will ultimately be added says Harvard's Provost Alan Garber. He says, "We believe that people throughout the world, even those, especially those who can't afford to pay the fees of online courses should have access to this information."
Both MIT and Harvard each gave $30 million to fund the project called edXonline. They're doing it for research purposes. The schools plan to examine the way the students learn.
They'll use that knowledge to improve teaching techniques. Harvard's provost describes what these online courses would be like. Garber says, "I expect our faculty to develop very ambitious approaches that will likely have a video component but there may be other features, there's even a possibility of having virtual laboratories."
Now you won't get a Harvard or MIT degree upon completion, instead you'll receive a certificate of mastery. So if you're ready for some free online courses from two big named universities, monitor edXonline.org for notice on when to enroll for fall classes.