The online credential, the online certificate is very different from an on campus certificate. And we really believe that online learning and the EdX platform and the EdX portal, these are ways in which - you can think of them as a rising tide that's going to lift all boats whether for students worldwide or on our campuses.

I think we can question whether degrees are antediluvian. Online learning has flexibility. Why not master courses in energy, writing, communications, and engineering and get a credential?

EdX will be a creating a platform which will be open source, not for profit, and a portal for a website where universities will offer their courses. For example, MIT courses will be offered as MITx and Harvard courses as HarvardX.

Concepts like edX and online learning will transform education. This will completely change the world. I believe that people will move to online learning, both on campuses and worldwide. We have a real opportunity to be able to bring people around the world into our fold.