[anxx]

With the internet, most education is free. When we pay education, we mainly pay for 1) exclusivity (there are not a million other people attending Harvard) and 2) standards (standard exams within an accredited curriculum, so the GPA and major will mean something). Increasing the amount of online education preserves the standards, but removes / broadens the exclusivity. I am not sure this is a great thing for people from Georgia Tech; they now have to compete with a lot more people for similar jobs.

An online education with tough admissions would be better if one tries to preserve the brand (and thus provide insurance* to the program trainees).

* by insurance, I refer to insurance of employability, like Peter Thiel described in his PandoMonthly interview.