College Insurrection recently posted a story from Forbes about Georgia Tech which stunned academia with a $7,000 Masters Degree.

Andy Kessler of the Wall Street Journal says the writing is on the wall.

Professors Are About to Get an Online Education

Anyone who cares about America’s shortage of computer-science experts should cheer the recent news out of Georgia Tech. The Atlanta university is making major waves in business and higher education with its May 14 announcement that the college will offer the first online master’s degree in computer science—and that the degree can be had for a quarter of the cost of a typical on-campus degree. Many other universities are experimenting with open online courses, or MOOCs, but Georgia Tech’s move raises the bar significantly by offering full credit in a graduate program.

It comes just in time. A shortfall of computer-science graduates is a constant refrain in Silicon Valley, and by 2020 some one million high-tech job openings will remain unfilled, according to the Commerce Department.

That’s why Georgia Tech’s online degree, powered by Udacity, is such a game-changer. For the same $7,000 a year that New York City spends per student on school buses, you can now get a master’s from one of the most well-respected programs in the country. Moore’s Law says these fees should drop to $1,000 by 2020—a boon for students and for the economy.

Sadly, MOOCs are not without controversy. Consider what happened at San Jose State after the university last fall ran a test course in electrical engineering paid for by the Bill and Melinda Gates Foundation. Students who worked with online content passed at a higher rate than classroom-only students, 91% to 60%. The course was so successful that the school’s president decided to expand online courses, including humanities, which will also be rolled out to other California State universities.