Online Master of Science in Analytics for US$10,000. Also offered will be a shorter introductory so called "MicroMasters" program. Both will use the edx platform. It should be noted that Georgia Tech is planning to accept only 250 masters students initially, making this more like conventional distance education programs (which some universities have been running for decades), rather than a called MOOC.
For comparison, the Masters of Education I recently completed on-line at Athabasca University (Canada) cost about US$15,000. This was with classes of a couple of dozen students and a human tutor. The Georgia Tech Masters is structured similarly to Athabasca, in that the student completes ten courses and then a capstone project.
It is likely that the coursework with capstone will become the standard format for graduate programs, both on-campus and on-line. However, I found the capstone process remarkably difficult. This was remarkable as I was a student of education and was studying the pedagogy of the process, so was much better prepared than the average student would be.
Institutions need to put in place a process to prepare students for the capstone from the start of their program (including assessment of their progress). Leaving it to the end, as students will otherwise do, will extend the time taken and increase the non-completion rate.
Also we may see use of tools such as Mahara's SmartEvidence, to provide more flexibility. This would allow students to show they have met program requirements using a wide range of courses and non-course activities. However, this will require training students (and staff) to think strategically
about learning, rather than just ticking boxes to meet requirements. If we could do this we could offer students additional certifications
easily, for example in teaching.