The University of London is set to announce an undergraduate degree which can be completed entirely online and will only cost students £5,650, compared to the current £9,250 currently being charged.
The main aim of the degree is to encourage more part time or working students to carry on with their degree, as their numbers have fallen dramatically over the past couple of years due to the soaring tuition fees.
Apparently, Prime Minister Theresa May wants to encourage cheaper and more accessible ways to study, and feels that by offering the degree to 3000 students, many financially struggling students will still have the chance to study.
These proposals have come in light of recent figures revealing that students now face an average debt of £50,000 when they graduate.
The University of London will offer the degree for the next academic year, with all content produced for the venture made by professors from Goldsmith’s at the University of London.
The innovative online course is being produced by leading Californian company Coursera.
Coursera have 31 million registered students and have developed endless online courses, however, the degrees that they offer are not yet registered.
Their deal with the University of London will be a fully registered degree, meaning that students can now live their university experience almost entirely virtually.
The course will include live videos, group work and interactive tuition, however, students will have to go to centres for their exams.
Although the goal number for the degree is 3000, it will initially only be rolled out to a few hundred students in order to trial the whole experience, which is expected to be a positive one.
It seems that this is certainly the future, as people search for a more affordable method of education and of acquiring a post graduate degree.
Coursera are already planning their next partnership with Imperial College London.
Nick Hillman, director of the Higher Education Policy Institute, has argued that technology will not make a substantial difference, stating that despite the high fees, many students have continued to sign up regardless to normal degree courses.
Yet, Hillman did go on to argue that there is definitely a new scope to look into when it comes to technology, stating that many courses will of course be online in the future and that the most important thing is to ensure that they are of sound quality and are accessible to all.