In Trine’s School of Professional Studies (SPS), for example, the model of 12 degree programs changed. The programs were strengthened while reducing the number of required credit hours per degree, saving an average of over $1,500 per student. This fall SPS will further the savings by allowing each new student to take his or her first class, a university experience course required in all degree programs, for free tuition and books. This change represents another $1,000 savings. Another option is for students to take a combination of classes – seated and online – to help defray cost and to finish college more quickly. Classes could be available year-round. Online classes can be less expensive and timely, as transportation to and from a campus is not a requirement. Students can work at their own pace, from the comfort of their own home or preferred location. Students also should be given educational credit for experiential learning. Many Trine students – and students at other private institutions across the country – complete internships and co-ops at some point in their college career. Many of these students have told me their summer internship experience was more valuable than one full year of college.
http://cheapscholar.org/2012/08/21/thinking-outside-of-the-box-with-higher-education/