MIT Online Degree

"For 1st time, MIT's free online classes can lead to degree".

It will still cost some money, but less than via the traditional route. 

Also, "For students, it's also a new route into the university, bucking the traditional admissions system that relies on past academic records. 'That admission system works well for people who went to schools we know very well,' [MIT Presdient] Reif said. 'But for people from outside that familiar circle, it can be hard to break in.'"