(NECN) - If a college education can cost more than $60,000 a year, why give it away for free? It may be the future.

EdX, based in Cambridge, Mass. offers Massive Open Online Courses, taught by professors from universities like Harvard and MIT. So far, more than a million students from all over the world have signed up. What’s in it for the colleges and Universities? And what’s in it for students?

EdX President Anant Agarwal and Wellesley X Associate Dean Ravi Ravishanker join Peter Howe on CEO Corner to explain.

See the attached video for the complete discussion.