Mr. Reshef said that this University opened the gate to these people to continue their studies from home and at minimal cost by using open-source technology, open course materials, e-learning methods and peer-to-peer teaching.

Admission opened just over two weeks ago and without any promotion some 200 students from 52 countries have already registered, with a high school diploma and a sufficient level of English as entry requirements.

Students will be placed in classes of 20, after which they can log on to a weekly lecture, discuss its themes with their peers and take a test all online. There are voluntary professors, post-graduate students and students in other classes who can also offer advice and consultation.

The only charge to students is a $15 to $50 admission fee, depending on their country of origin, and a processing fee for every test ranging from $10 to $100. For the University to sustain its operation, it needs 15,000 students and $6 million, of which Mr. Reshef has donated $1 million of his own money.

UN News Centre: UN announces launch of world’s first tuition-free, online university

(via Mathpunk)

See also:

The Impending Demise of the University

Can Ivy League Education Be Provided for $20 a Month