President Barack Obama gave a speech today in Buffalo, NY addressing the challenges in higher education. During the speech he mentioned Georgia Tech's plan to offer a new online master's degree. Below is a quote from Georgia Tech President Bud Peterson on the topic:

“One of the ways that colleges and universities can offer affordable educational opportunities to more students is through ‘technology assisted education.’ Georgia Tech is partnering with industry to offer an Online Master of Science in Computer Science that will help address the nation’s growing shortage of qualified workers in STEM fields and provide promising career opportunities to thousands of students.

As one of the leading technological universities in the US, Georgia Tech is committed to helping students maximize the value of their educational investment. To this end, we’re implementing measures to help improve college completion rates, control costs, continuously improve quality, and offer online education for lifelong learning.”

— Georgia Tech President G. P. “Bud” Peterson

Additional information on Georgia Tech OMS CS: http://www.omscs.gatech.edu/
FAQ on the OMS CS: http://www.omscs.gatech.edu/faq/