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Re:MIT and Harvard announce edX by J3L2404 on Wednesday May 02, 2012 @01:04PM (#3920074)
From MITNews-

"Will there be an admissions process?

EdX will be available to anyone in the world with an Internet connection, and in general, there will not be an admissions process. For a modest fee — and as determined by the edX board, MIT and Harvard — credentials will be granted only to students who earn them by demonstrating mastery of the material of a subject."

Although your credentials won't say Harvard or MIT.

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