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Re:The College For-Profits Should Fear by herdrick on Friday September 02, 2011 @11:30AM (#2954439)
The key paragraph:

"WGU’s answer to the status quo is to offer a degree that is based on competency rather than time. By gathering information from employers, industry experts, and academics, Western Governors formulates a detailed, institution- wide sense of what every graduate of a given degree program needs to know. Then they work backward from there, defining what every student who has taken a given course needs to know. As they go, they design assessments—tests—of all those competencies. “Essentially,” says Kevin Kinser, a professor of education at the State University of New York at Albany, “they’re creating a bar exam for each point along the way that leads to a degree.”"

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