BY CHRIS PARR, Times Higher Education
The University of the People now has 1,600 students across the world, and is on course to recruit the 5,000 it needs to achieve financial stability over the next two years. It offers undergraduate degrees in just two subjects – computer science and business administration. Students pay a registration fee, determined by the gross domestic product of their country of residence, and are then asked to pay a $100 administration fee for each exam they sit. To complete an undergraduate degree, 40 exams must be passed, bringing the total cost of a degree to around $4,000. Students that cannot afford to pay can apply for a range of scholarships.
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