MIT and Harvard, two of the World’s Top Universities, join hands in a new partnership to offer courses online and for free.

• MIT and Harvard, two of the World’s Top Universities, join hands in a new partnership to offer courses online and for free.
• An initiative called edX, an online learning system which allows students to acquire knowledge across various course from a distance, has been initiated.
• Harvard and MIT each committed $30 million to the project, which will be overseen by a not-for-profit group based in Cambridge.
• Anant Agarwal, who led the development of MITx and directed MIT's Computer Science and Artificial Intelligence Laboratory, will be edX's first president. 
• edX's plans to offer its first courses in the fall and eventually expects other universities may join. 

Source MIT Edu